5.04 (language only) §3-5.04 IMPLEMENTATION OF CHAPTER 3, ACTS OF ASSEMBLY OF 2004, SPECIAL SESSION I Revenues deposited into the
Public Education Standards of Quality/Local Real Estate Property Tax Relief
Fund established under §58.1-638.1 of the Code of Virginia pursuant to
enactments of the 2004 Special Session of the General Assembly shall be
transferred to the general fund and used to meet the Commonwealth's
responsibilities for the Standards of Quality prescribed pursuant to Article
VIII, Section 2, of the Constitution of Virginia. The Comptroller shall take
all actions necessary to effect such transfers monthly, no later than 10 days
following the deposit to the Fund. The amounts transferred shall be distributed
to localities as specified in Direct Aid to Public Education’s (197), State
Education Assistance Programs (17800) of this Act. The estimated amount
of such transfers are
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