Saturday, July 5, 2008
The General Assembly is now in session.
Tracking Virginia’s General Assembly
since 2007.
HB120: Educational programs; computation of composite index.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding in Chapter 13.2 of Title 22.1 a section numbered 22.1-253.13:9 as follows:
§ 22.1-253.13:9. Adjustment of state and local share.
In apportioning the state and local share for the costs of providing an educational program meeting the Standards of Quality as required by Article VIII, Section 2 of the Constitution of Virginia, the General Assembly shall, beginning July 1, 2008, as provided in the appropriation act, after determining each locality's ability to pay for its share of providing an educational program meeting the prescribed Standards of Quality, adjust the state share for all localities that have adopted, by January 1, 2008, a land-use plan pursuant to Article 4 (§ 58.1-3229 et seq.) of Chapter 32 of Title 58.1. This adjustment shall be known as the Land-Use Value Adjustment and shall increase the state share by an amount equivalent to the state share if a real property tax value indicator of local wealth were used that incorporates the land-use assessment value for those properties within a land-use plan.
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.