The Prince George's County Board of Education last night took under advisement two resolutions that would implement a required 40 percent reduction in its athletic budget by eliminating the junior varsity program, cutting team schedules and reducing funding for equipment by almost 60 percent.

But the board, which last month cut $400,000 from the proposed $1 million athletic budget, ran into snags with both proposals. Board members voted to table the motions and take them up again July 19.

The board must take some action before summer football practice begins in mid-August.

The first proposal, drawn up by the school superintendent's staff, calls for eliminating junior varsity athletics and their $157,000 price tag, cutting 10 assistant coaches in various sports at each school and cutting the schedules in some sports by as many as four games.

The superintendents' proposal included the possibility of scheduling two games during school hours.

Under the proposal, the 18-game schedules of baseball and softball would be trimmed to 14 games. Boys and girls basketball would each be cut by two games, and soccer and football by one game each.

But board members questioned the reduction of the number of football games at each school from 10 to nine, because the gate reciepts of most games easily offset the $390 it costs for officials, policemen and emergency crews.

An alternate proposal, drawn up by Friendly High School coaches and introduced by board member Norman H. Saunders, would institute a $20-25 fee for each athlete in each sport to make up the brunt of the cost.

But the board's attorney, Paul Nussbaum, said such a fee would probably violate Maryland law as well as the state constitution.

The coaches' proposal, which also cuts two games from every schedule, including football, requires that only three junior varsity sports be eliminated at each school.