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2002 LAWS OF MARYLAND
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Ch. 288
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5-210.
(A) (1) IN THIS SECTION THE FOLLOWING TERMS HAVE THE MEANINGS
INDICATED.
(2) "ADDITIONAL EDUCATION APPROPRIATION" MEANS THE
DIFFERENCE BETWEEN A COUNTY'S EDUCATION APPROPRIATION FOR THE PRIOR
FISCAL YEAR AND THE COUNTY'S LOCAL SHARE OF THE FOUNDATION PROGRAM
CALCULATED UNDER § 5-202 OF THIS SUBTITLE:
(3) "ADDITIONAL EDUCATION EFFORT" MEANS A COUNTYS ADDITIONAL
EDUCATION APPROPRIATION DIVIDED BY THE COUNTY'S WEALTH, ROUNDED TO
SEVEN DECIMAL PLACES.
(4) "FULL-TIME EQUIVALENT ENROLLMENT" HAS THE MEANING
STATED IN § 5-202 OF THIS SUBTITLE.
(5) "GUARANTEED WEALTH PER PUPIL" MEANS 80% OF THE STATEWIDE
WEALTH PER PUPIL.
(6) "GUARANTEED TAX BASE PROGRAM PER PUPIL AMOUNT" MEANS
THE LESSER OF:
(I) 20% OF THE ANNUAL PER PUPIL FOUNDATION AMOUNT
CALCULATED UNDER § 5-202 OF THIS SUBTITLE; AND
(II) THE PRODUCT OF A COUNTYS ADDITIONAL EDUCATION
EFFORT AND THE DIFFERENCE BETWEEN GUARANTEED WEALTH PER PUPIL AND
LOCAL WEALTH PER PUPIL.
(7) "LOCAL WEALTH PER PUPIL" MEANS A COUNTY'S WEALTH DIVIDED
BY THE COUNTY'S FULL-TIME EQUIVALENT ENROLLMENT.
(8) "STATEWIDE WEALTH PER PUPIL" MEANS THE SUM OF THE WEALTH
OF ALL COUNTIES DIVIDED BY THE STATEWIDE FULL-TIME EQUIVALENT
ENROLLMENT.
(9) "WEALTH" HAS THE MEANING STATED IN § 5-202 OF THIS SUBTITLE.
(B) EACH YEAR FOR FISCAL YEAR 2005 AND EACH FISCAL YEAR THEREAFTER,
THE STATE SHALL DISTRIBUTE GUARANTEED TAX BASE GRANTS TO COUNTY BOARDS
AS PROVIDED IN THIS SECTION.
(C) A COUNTY BOARD IS ELIGIBLE TO RECEIVE A GUARANTEED TAX BASE
GRANT IF THE COUNTY'S:
(1) ADDITIONAL EDUCATION EFFORT IS GREATER THAN ZERO; AND
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(2) LOCAL WEALTH PER PUPIL IS LESS THAN THE GUARANTEED
WEALTH PER PUPIL.
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- 2200 -
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