SPIRO T. AGNEW, Governor                        157

(1)  The State shall share in an expenditure for school construc-
tion which shall equal 80% of approved expenditures up to $1,500
times the number of "pupils housed" in school buildings for which
construction contracts have been let during the current fiscal year.
For 1967-68 only, the product of 50% of the number of kindergarten
pupils enrolled as of September 30, 1966, and $1,500 shall be added
to the approved expenditures in making this calculation.

(2)  The State shall also share in an amount equal to 80% of the
principal and interest payments due during the current fiscal year
on local debt for school construction to house pupils, as defined in
paragraph (5) of this subsection, outstanding or obligated as of
June 30, 1967, exclusive of any debt obligated for school construction
included in the provisions of subparagraph (1) of the subsection.
The State shall also share in an amount equal to 80% of the prin-
cipal and interest payments due during the current fiscal year on
local debt incurred after June 30, 1967, for school construction, to
house such pupils, for which construction contracts had been let
prior to July 1, 1967. "Local debt for school construction" as used
in this paragraph shall include any debt incurred as the result of
moneys made available to any political subdivision under any bond
issue obligating the credit of the State of Maryland.

(3)  The State percentage share shall be the same as that used for
the current expense incentive aid as defined in Section 221 (2) of
this article. This percentage shall be applied to the sum of the
amounts calculated in subparagraphs (1) and (2) of this subsection
to determine the State share.

(4)  In no event shall the State school building construction aid
for any county or Baltimore City for any school year be less than
the amount the county or Baltimore City would have received during
that year under the provisions of the incentive fund for school con-
struction program in effect in 1966-67.

(5)  The State Department of Education shall develop and the
State Board of Education shall adopt specific regulations for the
administration of the school building construction aid program, in-
cluding the definition of the term "pupils housed" so as to determine
the number of equivalent "pupils housed" in any part of a school
construction project. Such definition shall include all pupils in grades
1 to 12 or in special programs for children within the age limit
prescribed in the law and 50 percent of the pupils in kindergartens.

(6)  The State Superintendent of Schools shall approve for each
county and Baltimore City expenditures of funds for school con-
struction under the terms of subparagraphs (1) and (2) of this
subsection before including such amounts in the calculation of funds
due each county and Baltimore City.

(7)  The State Superintendent of Schools shall certify to the Comp-
troller on or before the last day of July and September, the tenth
day of December and the last day of January, March, and May, one
sixth each of the sum due the county board of education of each
county qualified to participate in this school building construction
aid program and the City of Baltimore if it is so qualified. Thereupon
the Comptroller within five days of the above said dates shall draw
his warrant on the Treasurer of the State of Maryland for the
respective amounts due the boards of education of each county and