HARRY HUGHES, Governor                               2887

ALL OF THE COUNTIES AS OF DECEMBER 1 OF THE PREVIOUS SCHOOL
YEAR, AND THE QUOTIENT SHALL BE EXPRESSED AS A DOLLAR FIGURE
ROUNDED TO THE THIRD DECIMAL PLACE;

(II) THE NUMBER OF HANDICAPPED STUDENTS
ENROLLED AS OF DECEMBER 1 OF THE PREVIOUS SCHOOL YEAR, IN
EACH COUNTY, SHALL BE MULTIPLIED BY THE QUOTIENT DETERMINED

UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH. THE PRODUCT IS

THE PROGRAM LEVEL FOR THAT COUNTY TO BE SHARED BY THE STATE
AND THE COUNTY;

(III) THE SUM OF $1,392,900 SHALL BE

DIVIDED BY THE AGGREGATE WEALTH OF ALL THE COUNTIES,
UTILIZING THE WEALTH DEFINITION APPEARING IN § 5-202(A) OF
THIS ARTICLE, AND THE RESULTING QUOTIENT SHALL BE ROUNDED TO
SEVEN DECIMAL PLACES AND THEN EXPRESSED AS A PERCENTAGE.

THIS PERCENTAGE FIGURE SHALL BE KNOWN AS THE LOCAL

CONTRIBUTION RATE;

(IV) A CALCULATION SHALL BE MADE FOR EACH
COUNTY BY MULTIPLYING THE WEALTH OF THE COUNTY BY THE LOCAL

CONTRIBUTION RATE. THE PRODUCT IS THE REQUIRED LOCAL

CONTRIBUTION, WHICH IS SUBTRACTED FROM THE PROGRAM LEVEL FOR
THE COUNTY DETERMINED UNDER SUBPARAGRAPH (II) OF THIS

PARAGRAPH, AND THE REMAINDER IS THE REQUIRED STATE

CONTRIBUTION FOR FISCAL YEAR 1982 - TIER TWO.

(D) THE STATE AND THE COUNTIES SHALL SHARE

COLLECTIVELY IN THE COST OF EDUCATING HANDICAPPED CHILDREN
IN NONPUBLIC PROGRAMS UNDER § 8-409 OF THIS SUBTITLE ON THE
FOLLOWING BASES:

(1) FOR EACH OF THESE CHILDREN DOMICILED IN THE
COUNTY, THE COUNTY SHALL CONTRIBUTE THE LOCAL SHARE OF THE
BASIC COST, AS REQUIRED UNDER SUBSECTION (B) OF THIS
SECTION, PLUS AN ADDITIONAL AMOUNT EQUAL TO 200 PERCENT OF
THE BASIC COST, BUT NOT MORE THAN THE AMOUNT OF COST OR
REIMBURSEMENT APPROVED BY THE DEPARTMENT. THIS CONTRIBUTION
SHALL BE MADE FROM THE FUND ESTABLISHED BY THE STATE AND

LOCAL CONTRIBUTIONS TO THE EXCESS COST PROGRAM UNDER

SUBSECTION (C) OF THIS SECTION; AND

(2) FOR EACH OF THESE CHILDREN, THE STATE SHALL
CONTRIBUTE AN AMOUNT EQUAL TO THE APPROVED AMOUNT OF COST OR
REIMBURSEMENT LESS THE AMOUNT THE COUNTY MUST CONTRIBUTE
UNDER ITEM (1) OF THIS SUBSECTION.

SECTION 2. BE IT FURTHER ENACTED BY THE GENERAL
ASSEMBLY OF MARYLAND, That section(s) of the Annotated Code
of Maryland be repealed, amended, or enacted to read as
follows:

Article - Commercial Law

17-101.