(e) Reserve fund for maintenance and repair; Baltimore City and Anne Arundel County excepted. -- (1) Except in Baltimore City and Anne Arundel County, where the provisions of the appropriate charter govern, each county governing body may appropriate money to establish a reserve fund for future plant maintenance and repair at a communitycollege. (2) If a reserve fund for future plant maintenance and repair is established, it shall be treated as an additional major function for the purposes of this section. (3) Expenditures from the reserve fund for maintenance and repair may not be made unless approved in the same manner as the budget of the community college isapproved. (4) Funds appropriated under this subsection may not be considered "current expenses" for purposes of § 16-305(c)(2) of this subtitle. Md. EDUCATION Code Ann. § 16-305 § 16-305. Computation of State and county aid to community colleges (a) In general . -- 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) Definitions . -- (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 calculated under § 5-202 of this article. (3) "Board" means: (i) In a county that has one or more community colleges, the board of community college trustees for the county; or (ii) Where two or more counties establish a region to support a regional community college, the board of regional community college trustees. (4) "Community college" means a community college established under this title butdoes not include Baltimore City Community College. (5) "County share" means the total amount of money for operating funds to be provided each fiscal year to a board by the county that supports the community college or colleges or, in the case of a regional community college, the total amount of money for operating funds to be provided each fiscal year to the board by all counties that support theregional community college. (6) "Direct grants" means the sum of the following components of the State share: (i) Fixed costs; (ii) Marginal costs; and (iii) Size factor.
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