HARRY HUGHES, Governor

3843

price index for the Baltimore metropolitan area and the same
index for the Washington, D. C. metropolitan area as
measured from September of the second preceding year to
September preceding the beginning of the fiscal year for
which school aid calculations are being made, or 8 percent,
whichever is the lesser percentage figure.

(3)  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 and a uniform
percentage LOCAL CONTRIBUTION RATE determined for each
fiscal year. [This uniform percentage shall be determined as
follows: The sum of the basic current expenses to be shared
for all of the counties shall be multiplied, for the first
$624 by 0.45, for the balance of the per pupil basic current
expenditure level as provided in paragraph (2) of this
subsection by 0.50, and this product shall then be divided
by the sum of the wealth of all of the counties; the
resulting quotient, expressed as a percentage rounded to the
fifth decimal place, is the uniform percentage.]

(4)  THE UNIFORM PERCENTAGE LOCAL CONTRIBUTION
RATE IS CALCULATED AS FOLLOWS:

(I)  MULTIPLY THE FULL TIME EQUIVALENT
ENROLLMENT BY $624, AND MULTIPLY THIS PRODUCT BY 0.45.

(II)  MULTIPLY THE FULL TIME EQUIVALENT
ENROLLMENT BY THE AMOUNT THAT THE PER PUPIL BASIC CURRENT
EXPENSE FIGURE, AS DETERMINED IN PARAGRAPH (2) OF THIS
SUBSECTION, EXCEEDS $624, AND MULTIPLY THIS PRODUCT BY 0.50.

(III)  ADD THE TWO PRODUCTS ARRIVED AT IN
SUBPARAGRAPH (I) AND (II) OF THIS PARAGRAPH, AND DIVIDE THE
RESULTING SUM BY THE SUM OF THE WEALTH OF ALL OF THE
COUNTIES IN THIS STATE.

(IV)  ROUND THE RESULTING QUOTIENT TO THE
FIFTH DECIMAL PLACE TO PRODUCE THE UNIFORM PERCENTAGE THE
RESULTING QUOTIENT, ROUNDED TO 7 DECIMAL PLACES, AND
EXPRESSED AS A PERCENT WITH 5 DECIMAL PLACES, IS THE LOCAL
CONTRIBUTION RATE.

[(4)] (5) The State share of basic current
expenses for each county is the difference between the
county share calculated under paragraph (3) of this
subsection and the basic current expense to be shared, as
indicated in paragraph (2) of this subsection.

[(5)] (6) Of the Baltimore County share of the
State basic current expense, Baltimore County shall pay to
Lida Lee Tall School of Towson State University the
percentage of the State basic current expense obtained by