Marvin Mandel, Governor                       1305

(1)  The total cost of the current expense program to be shared
by the State under Section 128 of this article, and

(2)  The local appropriation for the school year 1966-67 for other
current expenses in excess of $71 per pupil enrolled and an addi-
tional $30 for each additional pupil in excess of the number enrolled
on September 30, 1965, is more than the sum of:

(3)  The total State aid for current expenses as provided under
Section 128 of this article, and

(4)  The product of the local rate of levy for 1966-67 and the
sum of the adjusted assessed valuation of real property and the
net taxable income as defined under Section 128 (a) of this article
for the school year 1967-68, the amount of the State share of current
expenses shall be increased by this difference.

[(d)] (i) For each school year thereafter for each county eligible
for such additional payment, the amount of such additional pay-
ment shall be reduced by the product of the amount by which the
local rate of levy for 1966-67 is in excess of 1.228 percent and the
amount of any increase in the sum of the adjusted assessed valua-
tion of real property and the net taxable income as defined under
Section 128 (a) of this article for such school year.

[(e)] (ii) For purposes of this section the local rate of levy for
1966-67 is determined by dividing the total appropriation for current
expenses for the school year 1966-67 by the sum of the adjusted
assessed valuation of real property and the net taxable income as
defined under Section 128 (a) of this article for the school year
1966-67.

129.

For the school year 1967-68 and thereafter, the board of educa-
tion of each county and the mayor and city council of Baltimore
shall be paid each year, in the manner and subject to the limita-
tions hereinafter provided, an amount to be known as "current
expense incentive aid," which shall be calculated as follows for each
county and the City of Baltimore:

(2) The State percentage share of current expenses shall be deter-
mined by dividing the State share of current expenses calculated
under Section 128 (b) (5) by [dividing the State share of] the
total adjusted expenditures for current expenses calculated under
Section 128 (b) (1), (2), and (3). Provided, however, that the State
percentage share shall not be less than 35 for the purposes of this
section for any county and Baltimore City.

Sec. 2. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the immedi-
ate preservation of the public health and safety and having been
passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two houses of the General Assembly,
the same shall take effect from the date of its passage.

Approved May 26, 1972.