|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
Ch. 121
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13) "Per pupil basic current expense figure" means:
(i) $2,976 for fiscal year 1993; and
(ii) The average of the basic current expenses per pupil for the third
and fourth preceding fiscal years multiplied by 0.75 for fiscal year 1994 and for each
fiscal year thereafter, as calculated by the Department on or before July 1 prior to the
fiscal year.
23-501.
(a) In this subtitle the following words have the meanings indicated.
(b) [(1)] "Adjusted assessed valuation of real property" means the most recent
estimate by the Department of Assessments and Taxation before the State budget is
submitted to the General Assembly, of THE SUM OF 100 PERCENT OF THE ASSESSED
VALUATION OF OPERATING REAL PROPERTY OF PUBLIC UTILITIES AND 50 PERCENT
OF the assessed value of ALL OTHER real property for State purposes as of July 1 of
the first completed fiscal year before the fiscal year for which the calculation of State
library aid is made under this subtitle.
[(2) If the Department of Assessments and Taxation estimates that real
property in any county is assessed at other than 50 percent of market value, the
assessed valuation of those categories of real property that are estimated to be
assessed at other than 50 percent of market value, on the basis of surveys made under
§ 2-202(12) of the Tax - Property Article that are reported on or before November 1 of
the first calendar year before the fiscal year for which the calculation is made, shall
be adjusted to 50 percent. This adjustment does not apply to public utility operating
property.]
(c) "Capital expense" means principal and interest payments, or current
capital spending or accumulation for;
(1) The purchase of land for libraries;
(2) The purchase and construction of library buildings;
(3) Remodeling and adding to library buildings; and
(4) The purchase of equipment and furniture for these library buildings.
(d) "Net taxable income" means the amount certified by the State Comptroller
for the second full calendar year before the fiscal year for which the calculation of
State library aid is made under this subtitle, based on tax returns filed on or before
July 1 after that calendar year.
(e) "Population" means population determined from figures available as of
July 1 of the calendar year before the fiscal year for which the calculation is made,
from:
(1) The latest decennial census; or
|
|
|
|
|
|
|
|
|
|
- 1371 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
