board that operates a community college or colleges at which the total number of full-time equivalent students is less than or equal to 80% of the statewide median. (iii) 1. Beginning with the first fiscal year that a board no longer meets the eligibility requirements under subparagraph (ii) of this paragraph, the board shall continue to receive a percentage of the size factor component that the board received in the last fiscal year for which the board was eligible, as follows:
A. 80% for the first fiscal year; B. 60% for the second fiscal year; C. 40% for the third fiscal year; D. 20% for the fourth fiscal year; and E. 0% for the fifth and each subsequent fiscal year.
2. The distributions required under subparagraph (ii) of this paragraph shall be made from the remaining funds available for the size factor component after any distributions required under this subparagraph.
(iv) In determining the eligibility of a board for a size factor component, the number of full-time equivalent students at all campuses and colleges operated by the board shall be added together. (7) (i) A board shall be eligible for a hold harmless component beginning in fiscal year 1998 if the sum of the board's fixed costs, marginal costs, and size factor components for the fiscal year is less than the board's total State share in the prior fiscal year. (ii) The hold harmless component amount shall be determined by subtracting the sum of an eligible board's fixed costs, marginal costs, and size factorcomponents for the fiscal year from the board's total State share for the prior fiscal year. (8) Any employer Social Security contributions required by federal law for anyemployee of a board of community college trustees shall remain the obligation of the employer. (9) The State contribution to retirement and fringe benefit costs is not included inthe calculations of amounts under this subsection. (d) Increase in the State share of support. -- In each fiscal year, in order for a board to receive an increase in the State share of support or a hold harmless component amount,the county share, in the aggregate, that supports the community college or colleges shall equal or exceed the aggregate amount of operating fund appropriations made to the board by the county or all of the counties supporting the college in the previous fiscal year. (e) Grant for English for Speakers of Other Languages program. -- (1) (i) Beginning in fiscal year 1996, a grant in the amount provided in paragraph (2) of this subsection shall be distributed to each board in order to provideinstruction
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