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2018 SESSION
18104589DBe it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 2.2-2271.1 as follows:
§ 2.2-2271.1. Public School Capital Grant Program.
A. With such funds as may be made available for such purpose, the Authority shall establish and administer the Public School Capital Grant Program (the Program) for the purpose of providing grants on a competitive basis to any local school board that governs a school division in a locality that is determined to have high fiscal stress by the Virginia Commission on Local Government in its most recent "Report on the Comparative Revenue Capacity, Revenue Effort, and Fiscal Stress of Virginia Counties and Cities" for such school board to use for school building capital renovation or construction projects.
B. No grant awarded by the Authority pursuant to the Program shall exceed $10 million, and each such grant shall require local matching funds.
C. The Authority shall develop and implement such guidelines and procedures as it deems necessary for the establishment and administration of the Program, including guidelines for the prioritization of grant applicants that include factors such as student population, the percentage of students who receive free or reduced price lunch, poverty rates in communities in the local school division, student safety, school division innovation, labor market development strategies of the locality in which the school division is located, and environmental quality and sustainability.