HARRY HUGHES, Governor

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(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)  "Real 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)  "Assessed value of personal property" means
the assessed valuation for county purposes of tangible
personal property, railroad property, public utility
personal property, and public utility shares.

(7)  "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.

(8)  "Wealth" means the sum of:

(i) Net taxable income;

(ii) The adjusted assessed valuation of
real property; and

(iii) 1. 10 percent of assessed value of
personal property as of July 1, 1979;

2. 20 percent of assessed value of
personal property as of July 1, 1980;