Calculated quota

There shall be a finite number of residential building permits for each quarter of each year. A "quarter" is defined as a three-month period that begins on the first day of January, April, July and October. The number of residential permits to be issued shall be limited in accordance with the following formula:

• A. Total permits per quarter equals the currently available seats within School District plus any increase of seats that the School District may provide for through new construction of school facilities over the next 10 years, commencing January 1, 2002 divided by 0.6 less the number of low- and moderate-income housing permits issued as set forth below divided by 40 quarters.
• B. If any low- and moderate-income housing permits have been issued pursuant to § 400-166A below, then the number of dwelling units encompassed in such permits shall be subtracted from the overall number of permits available, such that the increased school population from such units is amortized over the remaining years of the Growth Management Program.