Tuesday, October 7, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1891: Local government; composite index of local ability-to-pay.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 22.1-88.1 as follows:
§ 22.1-88.1. Composite index of local ability-to-pay; cap.
A locality whose composite index of local ability-to-pay, as defined and computed in the general appropriation act, exceeds 0.5000 shall be considered as having an index of 0.5000 for purposes of distributing all payments based on the composite index of local ability-to-pay.
2. That the provisions of this act shall become effective on July 1, 2008.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.