Increasing the annual compensation of nonstudent members of the Baltimore County Board of Education who are not the chair of the county board from $7,500 to $16,500; providing that the chair of the county board is entitled to receive an annual compensation of $17,500; and increasing from the amount that a student member of the county board is granted as a scholarship to be applied toward the student's higher education costs $7,500 to $10,000.