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2008 SESSION

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HB 936 Composite index, local; number of students.

Introduced by: C. Todd Gilbert | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Local composite index; number of students.  Increases from 350 to 1,100 the maximum number of students allowed for a school division to qualify to have its state share of aid adjusted, based on a cost-sharing agreement with a neighboring school division.  In addition, only those school divisions located in a locality with a composite index of .6000 or greater that has at least 65 percent of its local taxes coming from real estate taxes would qualify.  The bill provides that no additional supplemental basic aid payments shall be made prior to July 1, 2010, and the sum of the basic aid payment and any supplemental basic aid payment would not exceed the basic aid payment appropriated to the locality by the 2007 session of the General Assembly.


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