5.03 (language only) §3-5.03 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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