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2005 SESSION

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HB 1510 Public School Authority; grants for school construction.

Introduced by: James M. Shuler | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Public School Authority; grants for school construction. Authorizes the Virginia Public School Authority to issue bonds to fund grants to local school divisions in the total amount of $1 billion to pay the costs of school construction, school renovation, and other school infrastructure projects. One-half of the grants ($500 million) shall be distributed to each school division in an equal amount of $3,676,471. The remaining one-half shall be distributed to each local school division on a set per pupil amount based on each school division's actual September 30, 2004, fall membership data as a proportion of total actual September 30, 2004, fall membership data for all school divisions.


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