WILLIAM DONALD SCHAEFER, Governor

Ch. 1

(3)      ["Basic current expenses" means the expenditures made by a county
from State and county revenue for public elementary and secondary education exclusive
of:

(i) Payments for debt service, capital outlay, and transportation of
students;

(ii) State aid for handicapped children paid under §§ 8-417.2 and
8-416 of this article;

(iii) State aid for driver education paid under the Maryland Driver
Education Program Act; and

(iv) State aid for food services.]

(I)     "BASIC CURRENT EXPENSES" MEANS EXPENDITURES
FOR ELEMENTARY AND SECONDARY EDUCATION FOR A FISCAL YEAR
CALCULATED AS FOLLOWS:

.1. STATEWIDE AGGREGATE EXPENDITURES FROM
THE CURRENT EXPENSE FUND FOR ADMINISTRATION, INSTRUCTION,
PUBLIC SCHOOL SPECIAL EDUCATION PROGRAMS, STUDENT PERSONNEL
SERVICES, HEALTH SERVICES, OPERATION OF PLANT, AND MAINTENANCE
OF PLANT;

2.       PLUS STATEWIDE AGGREGATE EXPENDITURES
FROM THE CURRENT EXPENSE FUND FOR FIXED CHARGES (INCLUDING
EMPLOYEE BENEFITS), ADDITIONAL EQUIPMENT, AND REPLACEMENT
EQUIPMENT, TO THE EXTENT THESE EXPENDITURES RELATE TO THE
EXPENDITURE CATEGORIES IN ITEM 1 OF THIS SUBPARAGRAPH; AND

3.       MINUS THE STATEWIDE AGGREGATE OF ALL
STATE AND FEDERAL FUNDS FOR ELEMENTARY AND SECONDARY
EDUCATION SUPPORTING THE EXPENDITURES IN ITEMS 1 AND 2 OF THIS
SUBPARAGRAPH, EXCEPT THE STATE SHARE OF BASIC CURRENT
EXPENSES.

(II)    "BASIC CURRENT EXPENSES" DOES NOT INCLUDE
EXPENDITURES FOR ADULT EDUCATION, COMMUNITY SERVICES, PUPIL
TRANSPORTATION, CAPITAL. OUTLAY, OR OUTGOING TRANSFERS, OR
EXPENDITURES REPORTED IN THE FOOD SERVICE FUND, THE STUDENT
BODY ACTIVITIES FUND, THE SCHOOL CONSTRUCTION FUND, OR THE
DEBT SERVICE FUND.

(4)     "Net taxable income" means the amount certified by the State
Comptroller for the second completed calendar year before the school year for which the
calculation of State aid under this section is made, based on tax returns filed on or before
September 1 after this calendar year.

(5)     "Real property" includes:

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