Ch. 360                           MARVIN MANDEL, Governor                                799

128A.

(A) DEFINITIONS. AS USED IN THIS SECTION AND IN SECTION
128B.

(1)   "BASIC CURRENT EXPENSES" MEANS THE EXPENDITURES
MADE BY [[THE DEPARTMENTS OF EDUCATION OF]] A COUNTY
FROM STATE AND COUNTY REVENUE FOR PUBLIC ELEMENTARY
AND SECONDARY EDUCATION, EXCLUSIVE OF (A) PAYMENTS FOR
DEBT SERVICE, CAPITAL OUTLAY, AND TRANSPORTATION OF
STUDENTS; (B) STATE AID FOR HANDICAPPED CHILDREN PAID
PURSUANT TO SECTION 100 OF THIS ARTICLE; (C) STATE AID FOR
DRIVER EDUCATION PAID PURSUANT TO SECTION 6-111.1 OF
ARTICLE 66 1/2; AND (D) STATE AID FOR FOOD SERVICES.

(2)    "COUNTY" INCLUDES BALTIMORE CITY, AND "COUNTY
BOARD OF EDUCATION" INCLUDES THE MAYOR AND CITY
COUNCIL OF BALTIMORE.

(3)   "PUPILS" OR "PUPILS ENROLLED" MEANS (A) ALL PUPILS
ENROLLED IN GRADES 1-12 OR THEIR EQUIVALENT IN REGULAR
DAY SCHOOL PROGRAMS ON SEPTEMBER 30 OF THE PREVIOUS
SCHOOL YEAR; (B) ONE-HALF OF THE NUMBER OF PUPILS
ENROLLED IN KINDERGARTEN PROGRAMS ON SEPTEMBER 30 OF
THE PREVIOUS SCHOOL YEAR, EXCEPT THAT FOR GARRETT
COUNTY THE FULL NUMBER OF KINDERGARTEN PUPILS SHALL BE
INCLUDED; AND (C) THE NUMBER OF FULL TIME EQUIVALENT
PUPILS, AS DETERMINED BY REGULATION OF THE STATE
DEPARTMENT OF EDUCATION, ENROLLED IN EVENING HIGH
SCHOOL PROGRAMS DURING THE PREVIOUS SCHOOL YEAR.

(4)  "WEALTH" MEANS THE SUM OF NET TAXABLE INCOME AND
ADJUSTED ASSESSED VALUATION OF REAL PROPERTY.

(5)    "ADJUSTED ASSESSED VALUATION OF REAL PROPERTY"
SHALL BE AS REPORTED BY THE STATE DEPARTMENT OF
ASSESSMENTS AND TAXATION FOR STATE PURPOSES AS OF JULY 1
OF THE FIRST COMPLETED FISCAL YEAR PRECEDING THE SCHOOL
YEAR FOR WHICH THE CALCULATION OF STATE AID PURSUANT
TO THIS SECTION IS MADE; PROVIDED, HOWEVER, THAT IF, FOR
ANY COUNTY, THE STATE DEPARTMENT OF ASSESSMENTS AND
TAXATION SHALL ESTIMATE THAT REAL PROPERTY IS ASSESSED
AT MORE OR LESS THAN 55% OF MARKET VALUE, THE ASSESSED
VALUATION OF THOSE CATEGORIES OF REAL PROPERTY WHICH
ARE ESTIMATED TO BE ASSESSED AT MORE OR LESS THAN 55% OF
MARKET VALUE, ON THE BASIS OF SURVEYS MADE PURSUANT TO
SECTION 232(14) OF ARTICLE 81, WHICH SHALL BE REPORTED AS OF
A DATE NOT LATER THAN NOVEMBER 1 OF THE CALENDAR YEAR
PRECEDING THE SCHOOL YEAR FOR WHICH THE CALCULATION IS
BEING MADE, SHALL BE ADJUSTED TO 55%. THE ADJUSTMENT
PROVIDED FOR HEREIN SHALL APPLY ONLY TO CATEGORIES OF
REAL PROPERTY WHICH ARE ASSESSED BY A COUNTY.

(6)   "NET TAXABLE INCOME" SHALL BE AS CERTIFIED BY THE
COMPTROLLER OF THE TREASURY FOR THE SECOND COMPLETED
CALENDAR YEAR PRECEDING THE SCHOOL YEAR FOR WHICH THE
CALCULATION OF STATE AID PURSUANT TO THIS SECTION IS
MADE, BASED UPON TAX RETURNS FILED ON OR BEFORE JULY 1