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Ch. 493
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2000 LAWS OF MARYLAND
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(B) THERE IS A GOVERNOR'S TEACHER SALARY CHALLENGE PROGRAM.
(C) THE GOVERNOR'S TEACHER SALARY CHALLENGE PROGRAM SHALL
PROVIDE GRANTS TO LOCAL EDUCATION AGENCIES COUNTY BOARDS FOR THE
PURPOSE OF INCREASING TEACHER SALARIES IN ORDER TO IMPROVE RECRUITMENT
AND RETENTION OF WELL QUALIFIED TEACHERS.
(D) (1) EACH GRANT MADE TO A LOCAL EDUCATION AGENCY COUNTY
BOARD MAY SHALL BE CALCULATED BASED ON:
(I) A PERCENTAGE COMPONENT;
(II) A WEALTH-ADJUSTED COMPONENT; AND
(III) A HOLD HARMLESS COMPONENT;
(III) A HOLD HARMLESS COMPONENT; AND
(IV) A DISTRESSED JURISDICTION COMPONENT.
(III) (IV) A TARGETED COMPONENT; AND
(V) A TRANSITIONAL COMPONENT.
(2) THE PERCENTAGE COMPONENT SHALL BE CALCULATED AS
FOLLOWS:
(I) FOR FISCAL YEAR 2001, MULTIPLY THE TEACHER SALARY BASE
FOR THE LOCAL EDUCATION AGENCY COUNTY BOARD BY 0.01; AND
(II) FOR FISCAL YEAR 2002, MULTIPLY THE TEACHER SALARY BASE
FOR THE LOCAL EDUCATION AGENCY BY 0.01 AND ADD AN AMOUNT EQUAL TO THE
PERCENTAGE COMPONENT GRANTED TO THE LOCAL EDUCATION AGENCY IN FISCAL
YEAR 2001:
1. IF THE COUNTY BOARD MEETS THE LOCAL MATCH
REQUIREMENT ESTABLISHED UNDER SUBSECTION (F)(2) OF THIS SECTION IN FISCAL
YEAR 2001 AND MEETS THE LOCAL MATCH REQUIREMENT FOR FISCAL YEAR 2002.
MULTIPLY THE TEACHER SALARY BASE FOR THE COUNTY BOARD BY 0.02;
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2. IF THE COUNTY BOARD DOES NOT MEET THE LOCAL
MATCH REQUIREMENT ESTABLISHED UNDER SUBSECTION (F)(2) OF THIS SECTION IN
FISCAL YEAR 2001 AND MEETS THE LOCAL MATCH REQUIREMENT IN FISCAL YEAR
2002, MULTIPLY THE TEACHER SALARY BASE FOR THE COUNTY BOARD BY 0.01; AND
3. IF THE COUNTY BOARD MEETS THE LOCAL MATCH
REQUIREMENT ESTABLISHED UNDER SUBSECTION (F)(2) OF THIS SECTION IN FISCAL
YEAR 2001 AND DOES NOT MEET THE LOCAL MATCH REQUIREMENT IN FISCAL YEAR
2002, MULTIPLY THE TEACHER SALARY BASE FOR THE COUNTY BOARD BY 0.01.
(3) FOR EACH FISCAL YEAR, THE WEALTH-ADJUSTED COMPONENT
SHALL BE CALCULATED AS FOLLOWS:
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- 2612 -
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