WILLIAM DONALD SCHAEFER, Governor                   Ch. 277

1987 session] AT THE REGULAR SESSION IMMEDIATELY PRECEDING THAT
NEXT FISCAL YEAR, affirms by joint resolution that the additional
State aid required to implement the provisions is within the
State's fiscal resources.

2.  As provided under item l.[,] of this
subparagraph, if State aid for public elementary and secondary
education exceeds the percentage amount specified and a joint
resolution of affirmation is not enacted by the General Assembly
[by March 15, 1987], then the per pupil amount for basic current
expenses in which the State shall share [as provided in
subparagraph (i) of this paragraph for fiscal years 1988 and 1989
shall be increased in each year by 8 percent over the prior year
level.] FOR THE NEXT FISCAL YEAR SHALL BE THE LESSER OF THE PER
PUPIL AMOUNT FOR BASIC CURRENT EXPENSES FOR THE FISCAL YEAR AS
PROVIDED UNDER SUBPARAGRAPH (I) OR (II) (II) OR (III) OF THIS
PARAGRAPH, OR AN AMOUNT EQUAL TO 108 PERCENT OF THE PRIOR YEAR'S
PER PUPIL AMOUNT FOR BASIC CURRENT EXPENSES.

3.  By January 14[, 1987] OF EACH YEAR,
the Department of Fiscal Services shall calculate State aid as a
percentage of the projected State General Fund revenues for THE
CURRENT fiscal year [1987]. State aid shall include State funds
provided to the county boards whether pursuant to formula or on a
grant basis and State payments on behalf of the county boards
such as retirement, social security, and debt service for State
bonds for school construction.

(e) (1) Each county board and the Mayor and City Council of
Baltimore City shall receive from the State, in the manner and
subject to the limitations under this section, an amount for each
school year to be known as the "compensatory education funds",
which shall be calculated as indicated in this subsection.

(2) (i) [1. In fiscal years 1985 through 1989,] FOR
EACH FISCAL YEAR, 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,] FOR EACH FISCAL YEAR, the product of the Chapter 1

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