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PARRIS N. GLENDENING, Governor Ch. 584
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Section 16-305(e)(8)
Annotated Code of Maryland
(1999 Replacement Volume)
BY repealing and reenacting, with amendments,
Chapter 570 of the Acts of the General Assembly of 1998
Section 3
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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Article - Education
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16-305.
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(b) (6) "Direct grants" means the sum of the following components of the
State share:
(i) Fixed costs;
(ii) Marginal costs; and
(iii) Size factor.
(e) (3) Subject to subsection (d) of this section, the total State share for each
board shall be the sum of:
(i) The fixed costs component;
(ii) The marginal costs component;
(iii) The size factor component; [and]
(iv) A hold harmless component; AND
(V) A SUPPLEMENTAL COMPONENT.
(7) (i) A board shall be eligible for a hold harmless component
beginning in fiscal year 1998 if the sum of the board's [fixed costs, marginal costs,
and size factor components] DIRECT GRANTS for the fiscal year is less than the
board's [total State share] DIRECT GRANTS PLUS A HOLD HARMLESS COMPONENT in
the prior fiscal year.
(ii) The hold harmless component amount shall be determined by
subtracting the sum of an eligible board's [fixed costs, marginal costs, and give factor
components] DIRECT GRANTS for the fiscal year from the board's [total State share]
DIRECT GRANTS PLUS A HOLD HARMLESS COMPONENT for the prior fiscal year.
(8) (I) THE SUPPLEMENTAL COMPONENT SHALL BE:
1. CALCULATED AFTER THE HOLD HARMLESS COMPONENT
IS DETERMINED UNDER PARAGRAPH (7) OF THIS SUBSECTION; AND
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- 3057 -
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