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2004 SESSION
046479212Patrons-- Amundson, Albo, Callahan, Dillard, Hull, Petersen, Plum, Rust and Scott, J.M.; Senator: O'Brien
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. Calculation 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, § 2 of the Constitution of Virginia, the General Assembly shall, as provided in the appropriation act, modify the formula that determines each locality's ability to pay for its share of providing an educational program meeting the prescribed Standards of Quality to incorporate three-year rolling averages for the state and local real property, sales tax, income, population, average daily membership, and other components, as provided in the appropriation act.
Such modified formula shall be implemented to address the costs of providing such educational program beginning with the 2005-2006 school year.