Section 16-305 – Computation of State and County Aid to Community Colleges
(a) The formula used for the distribution of funds to the community colleges in the State shall be known as the Senator John A. Cade Funding Formula. (b) (1) In this section the following words have the meanings indicated. (2) “Assessed valuation of real property” means assessed valuation of real property as determined for purposes of the State aid […]
Section 16-306 – Retirement Contributions
(a) (1) Subject to paragraph (2) of this subsection, a public junior or community college shall reimburse the State annually for the employer contributions made by the State for an employee who: (i) Is a member of the Teachers’ Retirement System or the Teachers’ Pension System under Division II of the State Personnel and Pensions Article; and (ii) Is […]