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2004 SESSION
047316204Be 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. Apportionment 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, beginning July 1, 2004, 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 apply a population density adjustment to the composite index of local ability to pay to address the reduction in the ability to pay for education in those localities ranked at or above the 67th percentile of population density in the Commonwealth. After the application of such population density adjustment, the local share shall not exceed 0.8000 of the total costs of providing such educational program.