BLAIR LEE III, Acting Governor

161

(II)    STATE AID FOR HANDICAPPED CHILDREN PAID
UNDER §§ 8-417.2 AND 8-417.3 OF THIS ARTICLE;

(III)   STATE AID FOR DRIVER EDUCATION PAID UNDER
THE MARYLAND DRIVER EDUCATION PROGRAM ACT; AND

(IV)   STATE AID FOR FOOD SERVICES.

(4)     "NET TAXABLE INCOME" MEANS THE AMOUNT
CERTIFIED BY THE STATE COMPTROLLER FOR THE SECOND COMPLETED
CALENDAR YEAR BEFORE THE SCHOOL YEAR FOR WHICH THE
CALCULATION OF STATE AID UNDER THIS SECTION IS MADE, BASED
ON TAX RETURNS FILED ON OR BEFORE JULY 1 AFTER THIS CALENDAR
YEAR.

(5)   "SEAL PROPERTY" INCLUDES:

(I)    ANY INTEREST IN LAND OR IMPROVEMENTS TO
LAND;

(II)   LAND AND NONOPERATING PROPERTY OF RAILROADS
AND PUBLIC UTILITIES; AND

(III)   OPERATING PROPERTY OF PUBLIC UTILITIES
CLASSIFIED AS REAL PROPERTY BY THE DEPARTMENT OF ASSESSMENTS
AND TAXATION.

(6)   "STUDENTS" OR "STUDENTS ENROLLED" MEANS:

(I)   ALL STUDENTS ENROLLED IN GRADES 1 THROUGH 12
OR THEIR EQUIVALENT IN REGULAR DAY SCHOOL PROGRAMS ON
SEPTEMBER 30 OF THE PREVIOUS SCHOOL YEAR AND IN BALTIMORE
COUNTY INCLUDES THE STUDENTS IN THE LIDA LEE TALL SCHOOL OF
TOWSON STATE UNIVERSITY;

(II)   ONE HALF OF THE NUMBER OF STUDENTS ENROLLED
IN KINDERGARTEN PROGRAMS ON SEPTEMBER 30 OF THE PREVIOUS
SCHOOL YEAR, EXCEPT THAT IN GARRETT COUNTY THE FULL NUMBER
OF KINDERGARTEN STUDENTS IS INCLUDED; AND

(III)    THE NUMBER OF FULL-TIME EQUIVALENT
STUDENTS, AS DETERMINED BY A REGULATION OF THE DEPARTMENT,
ENROLLED IN EVENING HIGH SCHOOL PROGRAMS DURING THE PREVIOUS
SCHOOL YEAR.

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

(B) STATE AND COUNTY SHARE OF BASIC CURRENT EXPENSES.

(1)   EACH COUNTY BOARD AND THE MAYOR AND CITY
COUNCIL OF BALTIMORE CITY SHALL RECEIVE FROM THE STATE, IN
THE MANNER AND SUBJECT TO THE LIMITATIONS UNDER THIS
SECTION, AN AMOUNT FOR EACH SCHOOL YEAR TO BE KNOWN AS THE
"STATE SHARE OF BASIC CURRENT EXPENSES", WHICH SHALL BE
CALCULATED AS INDICATED IN THIS SUBSECTION.

(2)    THE STATE SHALL SHARE IN AN EXPENDITURE FOR