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2007 SESSION

• | print version

SB 1243 Composite index; ability to pay.

Introduced by: Mark R. Herring | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Composite index of ability to pay.  Authorizes each locality whose K through 12 student membership growth has exceeded five percent for any two of the three most recently ended years to elect to have its composite index of local ability to pay reduced by 10 percent for the current year. The locality would receive its state share of basic aid based on the reduced composite index, and the additional amount required for the state share for basic aid would be paid from general funds of the Commonwealth that are not otherwise designated for public education.

FULL TEXT

• 01/10/07  Senate: Prefiled and ordered printed; offered 01/10/07 074772738  pdf | impact statement

HISTORY

• 01/10/07  Senate: Prefiled and ordered printed; offered 01/10/07 074772738
• 01/10/07  Senate: Referred to Committee on Education and Health
• 01/16/07  Senate: Assigned Education sub: Public Education
• 02/06/07  Senate: Left in Education and Health