1730                                     LAWS OF MARYLAND                                 Ch. 844

"current expenses," shall be the product of the per-student operating cost for the
current fiscal year AS APPROVED BY THE LOCAL GOVERNING BODY
multiplied by the number of full-time equivalent students APPROVED BY THE
LOCAL GOVERNING BODY AND enrolled in the current fiscal year. AT NO
TIME SHALL THE AMOUNT OF CURRENT EXPENSES OR THE
NUMBER OF FULL-TIME EQUIVALENT STUDENTS EXCEED THAT
APPROVED BY THE LOCAL GOVERNING BODY. For the purposes of
determining the State share of financing, the number of full-time equivalent
students shall be computed by dividing the student credit hours produced in the]]
[[fiscal year by thirty (30).

(c) In any political subdivision for which a community college or regional
community college is operating under the provisions of this subtitle, the [board of
county commissioners, county council, or mayor and city council of Baltimore]
LOCAL GOVERNING BODY shall provide and pay to the community college,
regional community college or colleges so operating not less than the political
subdivisions' twenty-eight percent (28%) share of current expenses AS
APPROVED AND APPROPRIATED BY THE LOCAL GOVERNING BODY.
ANY SURPLUSES AVAILABLE AT THE END OF THE FISCAL YEAR
SHALL FORTHWITH BE RETURNED TO THE LOCAL GOVERNING
BODY. The State Board of Community Colleges shall certify to the treasurer of
each county or of Baltimore City as the case may be on or before the last day of
both September and March in each year one half of the estimated annual amount
which is due the local board of trustees of each community college, with full
settlement at the end of the fiscal year based on the audit of the community
college, and thereupon the treasurer within five days of each of these dates shall
draw his warrant on the county or the City of Baltimore as the case may be and
shall pay the amount due to the board of trustees of the community college,
regional community college or colleges for his respective political subdivision. The
counties comprising the region for and supporting a regional community college
shall share in the payment of the political subdivisions' not less than twenty-eight
percent (28%) share of current expenses on a pro rata basis determined by the ratio
of the full-time student population in the regional community college, from each
county, to the full-time student population in the regional community college from
all the counties of the region. The State Board for Community Colleges shall
determine the portions of the cost chargeable to each county, based on current
enrollment figures, and shall certify such determination of cost of each
participating county , BUT IN NO EVENT SHALL THE TOTAL AMOUNT
DUE THE COMMUNITY COLLEGE, FROM THE LOCAL GOVERNING
BODY, EXCEED THAT APPROPRIATED BY THE LOCAL GOVERNING
BODY.]]

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1973.

Approved May 24, 1973.