VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2007 SESSION

• | print version

HB 1702 Standards of Quality; requires G.A. to modify current funding formula, etc. of composite index.

Introduced by: L. Scott Lingamfelter | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Education; computation of composite index.  Requires the General Assembly to modify the current Standards of Quality (SOQ) funding formula and calculation of composite index of local ability to pay to incorporate within the real estate indicator of local wealth the land-use taxation value for those properties within a land-use plan.

The current composite index of local ability to pay incorporates the "true value" of real property (rather than any special use assessed values) weighted 50%, with adjusted gross income weighted at 40%, and taxable retail sales weighted at 10%, as indicators of local wealth.

FULL TEXT

• 12/15/06  House: Prefiled and ordered printed; offered 01/10/07 072304380  pdf | impact statement

HISTORY

• 12/15/06  House: Prefiled and ordered printed; offered 01/10/07 072304380
• 12/15/06  House: Referred to Committee on Education
• 01/15/07  House: Assigned Education sub: Standards of Quality (Lingamfelter)
• 01/17/07  House: Referred from Education by voice vote
• 01/17/07  House: Referred to Committee on Appropriations
• 01/22/07  House: Assigned App. sub: Elementary and Secondary Education (Tata)
• 02/06/07  House: Left in Appropriations