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PARRIS N. GLENDENING, Governor
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Ch. 440
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(II) 20% OF THE DIFFERENCE BETWEEN THE FULL FUNDING RATE
FOR THE CURRENT FISCAL YEAR AND THE TEACHERS' SYSTEM CONTRIBUTION RATE
FOR THE PREVIOUS FISCAL YEAR
(3) WHEN THE FUNDING RATIO FOR THE TEACHERS' SYSTEMS IS ABOVE
110%, THE TEACHERS' SYSTEM CONTRIBUTION RATE SHALL BE THE DIFFERENCE
BETWEEN:
1. THE TEACHERS' SYSTEM CONTRIBUTION RATE FOR THE
PREVIOUS FISCAL YEAR; AND
2. 20% OF THE DIFFERENCE BETWEEN THE TEACHERS'
SYSTEM CONTRIBUTION RATE FOR THE PREVIOUS FISCAL YEAR AND THE FULL
FUNDING RATE FOR THE CURRENT FISCAL YEAR.
SECTION 7. AND BE IT FURTHER ENACTED, That notwithstanding §
20-302 of the Insurance Article or any other provision of law, in each budget
submitted for fiscal years 2004 through 2008, the Governor shall include an
appropriation of $10,000,000 to the Insured Division of the Maryland Automobile
Insurance Fund.
SECTION 8. AND BE IT FURTHER ENACTED, That notwithstanding the
provisions of Article 83A, § 4-208 of the Code, or any other provision of law, the
appropriation to the Maryland Tourism Development Board Fund shall remain at the
same level as the fiscal year 2002 appropriation.
SECTION 9. AND BE IT FURTHER ENACTED, That notwithstanding §§
16-305 and 16-512 of the Education Article or any other provision of law, the
appropriations for fiscal year 2003 required under 16-305 (c) and (f) and 16-512 of
the Education Article shall be as follows:
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Allegany College................................................................................................$4,323,166
Anne Arundel Community College..................................................................21,320,035
Baltimore City Community College................................................................30,020,036
Community College of Baltimore County.......................................................32,809,958
Carroll Community College................................................................................4,645,223
Cecil Community College...................................................................................3,342,820
College of Southern Maryland...........................................................................7,640,811
Chesapeake College............................................................................................4,549,720
Frederick Community College...........................................................................5,860,660
Garrett Community College...............................................................................2,318,049
Hagerstown Junior College................................................................................5,119,112
Harford Community College..............................................................................7,841,398
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- 3577 -
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