HARRY HUGHES, Governor

449

2. THIS PRODUCT SHALL BE DIVIDED BY THE
RATIO OF COUNTY WEALTH PER COUNTY FULL-TIME EQUIVALENT ENROLLMENT
TO STATEWIDE WEALTH PER STATE FULL-TIME EQUIVALENT ENROLLMENT AND
ROUNDED TO 7 DECIMAL PLACES.

3. THESE RESULTS SHALL BE MULTIPLIED BY A
FACTOR ROUNDED TO 7 DECIMAL PLACES AND CALCULATED AS FOLLOWS:

A. MULTIPLY 25 PERCENT OF THE PER PUPIL
CURRENT EXPENSE FIGURE FOR THE CURRENT FISCAL YEAR BY THE
STATEWIDE CHAPTER 1 COUNT AS SPECIFIED IN PARAGRAPH (2)(II)1. OF
THIS SUBSECTION (E); AND

B. DIVIDE THIS RESULT BY THE SUM OF THE
PRODUCTS DETERMINED IN PARAGRAPH (2)(III)2. OF THIS SUBSECTION

(E).

(2) (I) 1. IN FISCAL YEARS 1985 THROUGH 1989, THE
COMPENSATORY EDUCATION FUNDS PROGRAM LEVEL IS THE PRODUCT OF 25
PERCENT OF THE PER PUPIL BASIC CURRENT EXPENSE FIGURE AS
DETERMINED UNDER SUBSECTION (B)(2) OF THIS SECTION FOR THE
CURRENT FISCAL YEAR, ROUNDED DOWN TO THE NEAREST DOLLAR, AND THE
STATEWIDE CHAPTER 1 ELIGIBLE COUNT FOR THE PRIOR FISCAL YEAR.

2. BEGINNING IN FISCAL YEAR 1990, THE
COMPENSATORY EDUCATION FUNDS PROGRAM LEVEL SHALL BE THE PRODUCT
OF THE PRIOR FISCAL YEAR STATEWIDE CHAPTER 1 ELIGIBLE COUNT AND
THE FISCAL YEAR 1989 PROGRAM LEVEL PER STATEWIDE CHAPTER 1
ELIGIBLE COUNT.

(II) THE AMOUNT TO BE PROVIDED TO EACH COUNTY
UNDER THIS PROGRAM IS DETERMINED AS FOLLOWS:

1. A. IN FISCAL YEARS 1985 THROUGH 1989,
THE PRODUCT OF THE CHAPTER 1 ELIGIBLE COUNT FOR THE PRIOR FISCAL
YEAR FOR EACH COUNTY AND THE EQUIVALENT OF 25 PERCENT OF THE PER
PUPIL BASIC CURRENT EXPENSE FIGURE AS DETERMINED UNDER SUBSECTION
(B)(2) OF THIS SECTION FOR THE CURRENT FISCAL YEAR, ROUNDED DOWN
TO THE NEAREST DOLLAR.

B. BEGINNING IN FISCAL YEAR 1990, IT
SHALL BE THE PRODUCT OF THE CHAPTER 1 ELIGIBLE COUNT FOR THE
PRIOR FISCAL YEAR FOR EACH COUNTY AND THE FISCAL YEAR 1989
PROGRAM LEVEL PER STATEWIDE CHAPTER 1 ELIGIBLE COUNT.

2. THIS PRODUCT SHALL BE DIVIDED BY THE
RATIO, ROUNDED TO 7 DECIMAL PLACES, OF COUNTY WEALTH PER COUNTY
FULL-TIME EQUIVALENT ENROLLMENT TO STATEWIDE WEALTH PER FULL-TIME
EQUIVALENT ENROLLMENT.

3. THESE RESULTS SHALL BE MULTIPLIED BY A
FACTOR ROUNDED TO 7 DECIMAL PLACES AND CALCULATED BY DIVIDING THE
COMPENSATORY EDUCATION FUNDS PROGRAM LEVEL BY THE SUM OF THE
QUOTIENTS DETERMINED IN PARAGRAPH (2)(II)2. OF THIS SUBSECTION
(E).