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S.B. 356 VETOES
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(6) (i) The size factor component shall be a set percentage of the year's
total State operating fund as follows:
1. For fiscal year 1998, 4% of total funding;
2. For fiscal year 1999, 3% of total funding; and
3. For fiscal year 2000 and each fiscal year thereafter, 2% of
total funding.
(ii) The funds available for the size factor component shall be
divided and distributed equally to each board that operates a community college or
colleges at which the total number of full-time equivalent students is less than or
equal to 80% of the statewide median.
(iii) In determining the eligibility of a board for a size factor
component, the number of full-time equivalent students at all campuses and colleges
operated by the board shall be added together.
(7) (i) A board shall be eligible for a hold harmless component
beginning in fiscal year 1998 if the sum of the board's fixed costs, marginal costs, and
size factor components for the fiscal year is less than the board's total State share in
the prior fiscal year.
(ii) The hold harmless component amount shall be determined by
subtracting the sum of an eligible board's fixed costs, marginal costs, and size factor
components for the fiscal year from the board's total State share for the prior fiscal
year.
(8) Any employer Social Security contributions required by federal law
for any employee of a board of community college trustees shall remain the obligation
of the employer.
(9) The State contribution to retirement and fringe benefit costs is not
included in the calculations of amounts under this subsection.
16-512.
(a) (1) The total State operating fund per full-time equivalent student
appropriated to Baltimore City Community College for each fiscal year as requested
by the Governor shall be:
(i) In [each of] fiscal [years 2003 and 2004] YEAR 2007, not less
than an amount equal to [60.9%] 66% of the State's General Fund appropriation per
full-time equivalent student to the 4-year public institutions of higher education in
the State as designated by the Commission for the purpose of administering the
Joseph A. Sellinger Program under Title 17 of this article in the previous fiscal year;
(ii) In fiscal year [2005] 2008, not less than an amount equal to
[63.4%] 67% 66.5% 66.5% of the State's General Fund appropriation per full-time
equivalent student to the 4-year public institutions of higher education in the State
as designated by the Commission for the purpose of administering the Joseph A.
Sellinger Program under Title 17 of this article in the previous fiscal year; [and]
- 3052 -
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