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PARRIS N. GLENDENING, Governor
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Ch. 493
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(I) 1. FOR FISCAL YEAR 2001, MULTIPLY THE TEACHER SALARY
BASE FOR THE LOCAL EDUCATION AGENCY BY 0.02.
2. FOR FISCAL YEAR 2002, MULTIPLY THE TEACHER SALARY
BASE FOR THE LOCAL EDUCATION AGENCY BY 0.02 AND ADD AN AMOUNT EQUAL TO
THE WEALTH ADJUSTED COMPONENT GRANTED TO THE LOCAL EDUCATION
AGENCY IN FISCAL YEAR 2001.
(I) 1. MULTIPLY THE PERCENTAGE COMPONENT FOR THE
COUNTY BOARD BY 2; AND
(II) 2. FOR EACH FISCAL YEAR, MULTIPLY THE PRODUCT
CALCULATED IN ITEM (I) OF THIS PARAGRAPH ITEM 1 OF THIS ITEM FOR THAT
FISCAL YEAR BY THE STATE SHARE FOR THE LOCAL EDUCATION AGENCY COUNTY
BOARD; AND
(4) (II) (I) 1. IF THE PRODUCT CALCULATED IN PARAGRAPH (3) OF
THIS SUBSECTION ITEM (I) OF THIS PARAGRAPH IS GREATER THAN THE
PERCENTAGE COMPONENT FOR THE LOCAL EDUCATION AGENCY COUNTY BOARD,
THEN THE WEALTH-ADJUSTED COMPONENT SHALL BE THE AMOUNT OF THE
DIFFERENCE.
(II) 2. IF THE PRODUCT CALCULATED IN PARAGRAPH (3) OF THIS
SUBSECTION ITEM (I) OF THIS PARAGRAPH IS LESS THAN THE PERCENTAGE
COMPONENT FOR THE LOCAL EDUCATION AGENCY COUNTY BOARD, THEN THE
WEALTH-ADJUSTED COMPONENT SHALL BE ZERO.
(4) (I) THE GOVERNOR'S TEACHER SALARY CHALLENGE GRANT TO A
COUNTY BOARD SHALL CONTAIN A HOLD HARMLESS COMPONENT EQUAL TO THE
AMOUNT, IF ANY, BY WHICH THE COUNTY BOARD'S STATE SHARE OF BASIC CURRENT
EXPENSE CALCULATED UNDER § 5-202 OF THIS SUBTITLE FOR THE YEAR OF THE
GOVERNOR'S TEACHER SALARY CHALLENGE GRANT IS LESS THAN THE COUNTY
BOARD'S STATE SHARE OF BASIC CURRENT EXPENSE CALCULATED UNDER 5-202 OF
THIS SUBTITLE FOR THE PREVIOUS YEAR
(II) A COUNTY BOARD SHALL RECEIVE ITS HOLD HARMLESS
COMPONENT REGARDLESS OF WHETHER IT MEETS THE LOCAL MATCH
REQUIREMENT ESTABLISHED UNDER SUBSECTION (F)(2) OF THIS SECTION.
(5) THE GOVERNOR'S TEACHER SALARY CHALLENGE GRANT TO A LOCAL
EDUCATION AGENCY SHALL INCLUDE A HOLD HARMLESS COMPONENT EQUAL TO
THE AMOUNT, IF ANY, BY WHICH THE LOCAL EDUCATION AGENCY'S STATE SHARE OF
BASIC CURRENT EXPENSE CALCULATED UNDER § 5-202 OF THIS SUBTITLE FOR THE
YEAR OF THE GOVERNOR'S TEACHER SALARY CHALLENGE GRANT IS LESS THAN THE
LOCAL EDUCATION AGENCY'S STATE SHARE OF BASIC CURRENT EXPENSE
CALCULATED UNDER § 5-202 OF THIS SUBTITLE FOR THE PREVIOUS YEAR
(6) (5) (I) THE GOVERNOR'S TEACHER SALARY CHALLENGE GRANT
TO A LOCAL EDUCATION AGENCY COUNTY BOARD SHALL CONTAIN A DISTRESSED
JURISDICTION COMPONENT EQUAL TO $35 TIMES THE LOCAL EDUCATION AGENCY'S
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- 2613 -
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