162                             LAWS OF MARYLAND                       [CH. 142

individuals needing vocational rehabilitation, for equivalence
examinations, for public libraries, and for adult education; [such
special appropriations to be known as an incentive fund for the
purpose of granting State aid to the counties and to the City of
Baltimore to finance the construction of school buildings and school
facilities, as may from time to time be made by budget bill or
supplementary appropriation bill, to the boards of education of each
county and to the mayor and city council of Baltimore;] the annual
appropriation for the State share of current expenses and annual
current expense[s] incentive aid as provided in Sections 220 and
221 of this article; [and] the necessary costs of transporting pupils
to public schools when such transportation is approved by the State
Superintendent of Schools; and the school building construction aid
as provided in Section 222 of this article.

[216.

The total of the assessable property of any county or the City
of Baltimore eligible under the provisions of Section 215 to share
in the incentive fund for school construction shall be reduced by
the grant by such political subdivision made by virtue of any law or
pursuant to law of any total or partial tax exemption or reduced
ratio of valuation and assessment to or for the benefit of tools,
improvements, machinery, manufacturing apparatus or engines, or
inventories and stock in business. The amount of such total or
partial tax exemption or reduced ratio of valuation and assessment
shall not be taken into account and shall not be added to the
assessment for county and city taxation as shown by the tax rolls of
such political subdivision in determining the total assessable basis
used in such political subdivision for the purpose of calculating the
amount of incentive fund aid for school construction purposes which
such political subdivision may be entitled to receive, and for the
purpose of determining the amount of financial support from such
political subdivision to meet the requirements for participation in
the incentive funds.]

220 (a).

(4)    "Pupils enrolled" shall be all pupils enrolled as of September
30 of each year in grades 1 to 12 or in special programs for children
within the age limit prescribed in the law and 50 per cent of the
pupils enrolled in kindergartens as of September 30.

(5)    "Adjusted assessed valuation of real property" shall be as
reported by the State Department of Assessments and Taxation as
of [January] July 1 of the first completed [calendar] fiscal year
preceding the school year for which the calculation of State aid is to
be made, plus 50% of new property assessed between [January]
July 1 and [July] December 31 of such completed [calendar] fiscal
year; and real property as defined herein shall include land, improve-
ments to land [s], land and nonoperating property of railroads, land
and nonoperating property of public utilities, and public utility
operating property.

If for any county or Baltimore City, the State Department of
Assessments and Taxation shall estimate that real property is
assessed at less than 50% or at more than 56%, the assessed
valuation of those categories which are estimated to be under- or