SB880: Composite index; local ability to pay for certain counties.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 22.1-98.3 as follows:
§ 22.1-98.3. Composite index of local ability to pay; factors.
A. For the purpose of determining the state and local shares of basic aid funding of any county in Planning District 17 within which there is a school division composed of a town, the composite index of local ability to pay shall be calculated in the same manner as it would be if there were not a school division composed of a town within such county.
B. The composite index of local ability to pay of any other locality not referenced in subsection A shall not be adjusted as a result of this section.
SENATE BILL NO. 880
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 22.1-98.3 as follows:
§ 22.1-98.3. Composite index of local ability to pay; factors.
A. For the purpose of determining the state and local shares of basic aid funding of any county within which there is a school division composed of a town, the composite index of local ability to pay shall be calculated in the same manner as it would be if there were not a school division composed of a town within such county.
B. Nothing in this section shall affect the calculation of the composite index of local ability to pay of any school division composed of a town.