Ch. 277

LAWS OF MARYLAND

administration, and fixed charges, including teachers' retirement
and teachers' social security contributions paid by the
subdivisions;

3. Be reduced by the following revenues
to the subdivisions: State drivers' education aid, compensatory
education funds, and State handicapped education aid, all federal
aid except that the adult education, food subsidy, school
construction, youth services, multiservice centers, and any other
aid not applicable to the expenditure categories noted in
sub-subparagraph 2 of this subparagraph.

(iii) The average of the statewide per pupil
expenditures for each of the [3] 2 years are summed and divided
by [three] 2. [The EXCEPT AS PROVIDED IN SUBPARAGRAPH (IV) OF
THIS PARAGRAPH, THE quotient resulting from this division is
multiplied by [.75] 0.7375 FOR FISCAL YEAR 1990, 0.74375 FOR

FISCAL YEAR 1991, AND 0.75 FOR FISCAL YEAR 1993 AND EACH

SUCCEEDING FISCAL YEAR and the resulting product is the per pupil
basic current expense figure

(III) IN FISCAL YEAR 1993 AND EACH YEAR
THEREAFTER, THE AVERAGE STATEWIDE PER PUPIL EXPENDITURE
MULTIPLIED BY .75 IS THE PER PUPIL BASIC CURRENT EXPENSE FIGURE.
This figure is multiplied by the full-time equivalent enrollment
to determine the basic current expense funding program in which
the State shall share.

(iv) The General Assembly may change by statute
the per pupil basic current expense figure at any time. Unless
changed by statue, for fiscal year 1990 and each fiscal year
thereafter the per pupil basic current expense figure in which
the State and the subdivisions share shall be determined as
described in (ii) and (iii) above [,except that in no event shall
the percentage increase of the per pupil program level for a
fiscal period relative to the per pupil basic current expense
figure of the preceding fiscal period be greater than the average
of the annual percentage increases in the United States, all
items unadjusted Consumer 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].

(v) (IV) 1. If State aid for public elementary
and secondary education exceeds 32.8% 31.5% of the projected
general funds of the State in ANY fiscal year [1987], then the
[amounts specified in subparagraph (i)] PER PUPIL AMOUNT FOR
BASIC CURRENT EXPENSES PROVIDED UNDER SUBPARAGRAPH (I) AND (II)
SUBPARAGRAPHS (I), (II), AND (III) of this paragraph may not be
implemented for [fiscal years 1988 and 1989,] THE NEXT FISCAL
YEAR unless the General Assembly, [by March 15, 1987 at the

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