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ROBERT L. EHRLICH, JR., Governor
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S.B. 357
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16-305.
(a) The formula used for the distribution of funds to the community colleges in
the State shall be known as the Senator John A. Cade Funding Formula.
(b) (13) "Total State operating fund" means the sum of community college
State appropriations for direct grants.
(c) (6) (i) The size factor component shall be [a set percentage] 2% 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] EXCEPT AS PROVIDED IN SUBPARAGRAPH (III) OF THIS
PARAGRAPH, 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) 1. BEGINNING WITH THE FIRST FISCAL YEAR THAT A BOARD
NO LONGER MEETS THE ELIGIBILITY REQUIREMENTS UNDER SUBPARAGRAPH (II) OF
THIS PARAGRAPH, THE BOARD SHALL CONTINUE TO RECEIVE A PERCENTAGE OF THE
SIZE FACTOR COMPONENT IT THAT THE BOARD RECEIVED IN THE LAST FISCAL YEAR
FOR WHICH THE BOARD WAS ELIGIBLE, AS FOLLOWS:
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1.
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A.
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2.
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B.
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3.
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C.
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4.
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D.
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5.
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E.
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80% FOR THE FIRST FISCAL YEAR;
60% FOR THE SECOND FISCAL YEAR;
40% FOR THE THIRD FISCAL YEAR;
20% FOR THE FOURTH FISCAL YEAR; AND
0% FOR THE FIFTH AND EACH SUBSEQUENT FISCAL
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YEAR.
2. THE DISTRIBUTIONS REQUIRED UNDER SUBPARAGRAPH
(II) OF THIS PARAGRAPH SHALL BE MADE FROM THE REMAINING FUNDS AVAILABLE
FOR THE SIZE FACTOR COMPONENT AFTER ANY DISTRIBUTIONS REQUIRED UNDER
THIS SUBPARAGRAPH.
[(iii)] (IV) 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.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2006.
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- 3055 -
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