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Ch. 493
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2000 LAWS OF MARYLAND
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FULL TIME EQUIVALENT ENROLLMENT IF; TARGETED COMPONENT AS PROVIDED IN
SUBPARAGRAPHS (II) THROUGH (V) OF THIS PARAGRAPH.
(I) THE LOCAL EDUCATION AGENCY'S FULL TIME EQUIVALENT
ENROLLMENT FOR THE YEAR OF THE GOVERNOR'S TEACHER SALARY CHALLENGE
GRANT IS LESS THAN ITS FULL TIME EQUIVALENT ENROLLMENT FOR THE PREVIOUS
YEAR; AND
(II) THE LOCAL EDUCATION AGENCY'S WEALTH PER PUPIL FOR
THE YEAR OF THE GOVERNOR'S TEACHER SALARY CHALLENGE GRANT IS LESS THAN
THE WEALTH PER PUPIL FOR THE STATE AS A WHOLE.
(II) FOR FISCAL YEAR 2001, THE GOVERNOR SHALL INCLUDE IN
THE ANNUAL BUDGET BILL AN APPROPRIATION OF AT LEAST $5,300,000 FOR THE
TARGETED COMPONENT.
(III) FOR FISCAL YEAR 2002, THE GOVERNOR SHALL INCLUDE IN
THE ANNUAL BUDGET BILL AN APPROPRIATION OF AT LEAST $10,600,000 FOR THE
TARGETED COMPONENT.
(IV) THE COUNTY BOARD IN EACH COUNTY THAT HAS A WEALTH
PER PUPIL THAT IS LESS THAN 75 PERCENT OF THE STATEWIDE WEALTH PER PUPIL
SHALL RECEIVE A PROPORTIONATE SHARE OF THE TARGETED COMPONENT THAT IS
EQUAL TO THE COUNTY BOARD'S PROPORTIONATE SHARE OF THE TOTAL FULL-TIME
EQUIVALENT ENROLLMENT FOR ALL COUNTIES WITH A WEALTH PER PUPIL THAT IS
LESS THAN 75 PERCENT OF THE STATEWIDE WEALTH PER PUPIL.
(V) A COUNTY BOARD SHALL RECEIVE ITS PROPORTIONATE SHARE
OF THE TARGETED COMPONENT REGARDLESS OF WHETHER IT MEETS THE LOCAL
MATCH REQUIREMENT ESTABLISHED UNDER SUBSECTION (F)(2) OF THIS SECTION.
(6) (I) THE GOVERNOR'S TEACHER SALARY CHALLENGE GRANT
SHALL CONTAIN A TRANSITIONAL COMPONENT AS PROVIDED IN SUBPARAGRAPHS
(II) AND (III) OF THIS PARAGRAPH.
(II) FOR FISCAL YEAR 2001, THE GOVERNOR SHALL INCLUDE IN
THE STATE BUDGET AN APPROPRIATION OF AT LEAST $9 MILLION FOR THE
TRANSITIONAL COMPONENT.
(III) A COUNTY BOARD SHALL RECEIVE A PROPORTIONATE SHARE
OF THE TRANSITIONAL COMPONENT THAT IS EQUAL TO THE COUNTY BOARD'S
PROPORTIONATE SHARE OF ALL REIMBURSEMENTS RECEIVED BY THE STATE FROM
THE COUNTY BOARD THAT:
1. ARE FOR RETIREMENT CONTRIBUTIONS RECEIVED
AFTER JUNE 30, 1999 BUT BEFORE JULY 1, 2000; AND
2. ARE SOUGHT BY THE STATE RETIREMENT AGENCY ON
THE BASIS THAT THE SALARY OF AN ELIGIBLE MEMBER OF THE TEACHERS'
RETIREMENT SYSTEM OR TEACHERS' PENSION SYSTEM IS PAID IN WHOLE OR IN
PART FROM:
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- 2614 -
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