1912

LAWS OF MARYLAND

Ch. 531

4.  40 PERCENT OF ASSESSED VALUE OF
PERSONAL PROPERTY AS OF JULY 1, 1982; AND

5.  50 PERCENT OF ASSESSED VALUE OF
PERSONAL PROPERTY AS OF JULY 1, 1983.

(9) FOR CALCULATION OF STATE AID UNDER
SUBSECTION (8)(III) THIS SECTION, THE PERCENTAGE OF ASSESSED
VALUE OF PERSONAL PROPERTY AS OF JULY 1 OF THE FIRST
COMPLETED FISCAL YEAR BEFORE THE SCHOOL YEAR FOR WHICH THE
CALCULATION IS MADE SHALL BE USED.

(b) (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) (I) [The]IN FISCAL YEAR 1981 THE State shall
share in an expenditure for basic current expenses of [$784]
$942 multiplied by the number of students enrolled.

(II)  IN FISCAL YEAR 1982 AND FOR EACH
FISCAL YEAR THEREAFTER, THE STATE SHALL SHARE IN A PER PUPIL
BASIC CURRENT EXPENDITURE PROGRAM LEVEL CALCULATED AS
FOLLOWS; FOR THE THIRD, FOURTH, AND FIFTH YEARS PRECEDING
THE FISCAL YEAR FOR WHICH THE PROGRAM LEVEL IS TO BE
DETERMINED A STATEWIDE AVERAGE PER PUPIL CURRENT EXPENDITURE
IS CALCULATED BASED UPON FULL TIME EQUIVALENT ENROLLMENT IN
ON SEPTEMBER 30 OF EACH OF THE FISCAL YEARS AND BASED UPON
THE STATEWIDE AGGREGATE OF EXPENDITURES FOR INSTRUCTION,
ADMINISTRATION, PUPIL PERSONNEL, PLANT OPERATION, PLANT
MAINTENANCE, HEALTH SERVICES, AND FIXED CHARGES, INCLUDING
LOCAL DIRECT PAYMENTS OF EXPENDITURES FOR EMPLOYER SOCIAL
SECURITY CONTRIBUTIONS. EXCLUDED FROM THESE EXPENDITURES
ARE FEDERAL FUNDS, WHICH INCLUDE FEDERAL IMPACT AID, AND
STATE AID FOR THE FOLLOWING: SPECIAL EDUCATION EXCESS
COSTS, TEACHER SOCIAL SECURITY, TEACHER RETIREMENT,
TRANSPORTATION, ADULT EDUCATION, DRIVERS EDUCATION, FOOD
SERVICES, SCHOOL CONSTRUCTION, SCHOOL DEBT SERVICE, DENSITY
AID, AND COMPENSATORY AID. THE AVERAGES OF THE STATEWIDE
AGGREGATE PER PUPIL EXPENDITURES FOR EACH OF THE 3 YEARS ARE
SUMMED AND DIVIDED BY THREE. THE QUOTIENT RESULTING FROM
THIS DIVISION IS MULTIPLIED BY .75 AND THE RESULTING PRODUCT
IS THE PER PUPIL PROGRAM LEVEL. THE PER PUPIL AMOUNT IS
MULTIPLIED BY THE NUMBER OF STUDENTS ENROLLED TO DETERMINE
THE BASIC CURRENT EXPENSE FUNDING PROGRAM IN WHICH THE STATE
SHALL SHARE.

(III)  THE GENERAL ASSEMBLY MAY CHANGE BY
STATUTE THE PER PUPIL PROGRAM LEVEL AT ANY TIME. UNLESS
CHANGED BY STATUTE, THE PER PUPIL PROGRAM LEVEL IN WHICH THE
STATE AND THE SUBDIVISIONS SHARE SHALL BE DETERMINED AS
DESCRIBED IN (I) AND (II) ABOVE, EXCEPT THAT IN NO EVENT
SHALL THE PERCENTAGE INCREASE OF THE PER PUPIL PROGRAM LEVEL
FOR A FISCAL PERIOD RELATIVE TO THE PER PUPIL PROGRAM LEVEL