800                                     LAWS OF MARYLAND                             Ch. 360

SUCCEEDING THE SAID CALENDAR YEAR.

(B)  STATE AND COUNTY SHARE OF BASIC CURRENT EXPENSES -
1977-78 ET. SEQ. FOR THE SCHOOL YEAR 1977-78 AND THEREAFTER,
EACH COUNTY BOARD OF EDUCATION SHALL RECEIVE FROM THE
STATE, IN THE MANNER AND SUBJECT TO THE LIMITATIONS
EXPRESSED IN THIS SECTION, AN AMOUNT TO BE KNOWN AS THE
"STATE SHARE OF BASIC CURRENT EXPENSES," WHICH, FOR EACH
COUNTY, SHALL BE CALCULATED AS FOLLOWS:

(1)  BASIC CURRENT EXPENSE TO BE SHARED. THE STATE SHALL
SHARE IN AN EXPENDITURE FOR BASIC CURRENT EXPENSES OF
$610 MULTIPLIED BY THE NUMBER OF PUPILS ENROLLED, AS
DEFINED IN SUBSECTION (A)(3) HEREOF.

(2)   COUNTY SHARE. TO BE ELIGIBLE TO RECEIVE THE STATE
SHARE OF BASIC CURRENT EXPENSES, THE COUNTY GOVERNING
BODY SHALL LEVY AN ANNUAL TAX SUFFICIENT TO PROVIDE AN
AMOUNT OF REVENUE FOR ELEMENTARY AND SECONDARY
PUBLIC EDUCATION PURPOSES EQUAL TO THE PRODUCT OF THE
WEALTH OF THE COUNTY, AS DEFINED IN SUBSECTION (A)(4)
HEREOF, AND A UNIFORM PERCENTAGE DETERMINED FOR EACH
FISCAL YEAR AS FOLLOWS: THE SUM OF THE BASIC CURRENT
EXPENSES TO BE SHARED FOR ALL OF THE COUNTIES SHALL BE
MULTIPLIED BY 0.45. THE PRODUCT SHALL THEN BE DIVIDED BY
THE SUM OF THE WEALTH OF ALL OF THE COUNTIES; AND THE
RESULTING QUOTIENT, EXPRESSED AS A PERCENTAGE ROUNDED
TO THE THIRD DECIMAL PLACE, SHALL BE THE UNIFORM
PERCENTAGE.

(3)    STATE SHARE. THE STATE SHARE OF BASIC CURRENT
EXPENSES FOR EACH COUNTY SHALL BE THE DIFFERENCE
BETWEEN THE COUNTY SHARE CALCULATED PURSUANT TO
SUBSECTION (B)(2) HEREOF AND THE BASIC CURRENT EXPENSE TO
BE SHARED, AS DEFINED IN SUBSECTION (B)(l) HEREOF.

(C)  STATE AND COUNTY SHARE OF BASIC CURRENT EXPENSES -

1973-74 TO 1976-77.

FOR THE SCHOOL YEARS 1973-74 TO AND INCLUDING 1976-77, THE
STATE SHARE OF BASIC CURRENT EXPENSES SHALL BE
CALCULATED AND PAID AS FOLLOWS:

(1) [[THE TOTAL AMOUNT OF STATE AID PAYABLE TO EACH
COUNTY PURSUANT TO SECTIONS 128 AND 129 OF THIS ARTICLE
FOR THE SCHOOL YEAR 1973-74 SHALL BE. CALCULATED,
EXCLUSIVE OF STATE AID PROVIDED UNDER SECTION 128(B)(5-1)
NOTWITHSTANDING THE REPEAL OF SAID SECTIONS. THE
AMOUNT OF SUCH STATE AID PER PUPIL FOR EACH COUNTY
SHALL ALSO BE CALCULATED, BY DIVIDING THE TOTAL OF SUCH
STATE AID]] THE FOLLOWING AMOUNTS FOR EACH COUNTY
SHALL BE DIVIDED BY THE NUMBER OF PUPILS ENROLLED FOR
THE SCHOOL YEAR 1973-74 IN EACH RESPECTIVE COUNTY, AS
DEFINED IN SUBSECTION (A)(3) HEREOF[[.]]