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1998 SESSION

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986813635
SENATE BILL NO. 168 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Senate Committee on Education and Health on February 12, 1998) (Patron Prior to Substitute-Senator Couric) A BILL to amend the Code of Virginia by adding a section numbered 22.1-208.2:3, relating to the Business and Education Grants Program and Fund.

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 22.1-208.2:3 as follows:

§ 22.1-208.2:3. Business and Education Grants Program and Fund.

A. From such funds as may be appropriated for such purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is hereby established the Business and Education Grants Program, to be administered by the Board of Education, and a special nonreverting fund within the state treasury known as the Business and Education Grants Fund ("the Fund"). The Fund shall be established on the books of the Comptroller, and any moneys remaining in such Fund at the end of the biennium shall not revert to the general fund but shall remain in the Fund. Interest earned on such funds shall remain in the Fund and be credited to it.

The State Treasurer shall administer and manage the Fund, subject to the authority of the Board of Education to provide for its disbursement. The Fund shall be disbursed annually to award sixteen matching grants, to be awarded to school divisions on a competitive basis with two grants for each superintendent's region, to support innovative partnerships between school divisions and local business and industry that focus on teaching higher level skills and the application of new knowledge.

B. The Board shall establish criteria for making grants from the Fund, which shall include priorities for initiatives that consider curriculum revisions integrating theory and application, an accelerated academic program for all students, heightened sensitivity to student potential, interdisciplinary cooperation among teachers in planning and instruction, family involvement, additional assistance for students to meet curriculum standards, the identification of business needs, new ideas for preparing skilled employees, and creative ways to use existing resources. The Board may issue such guidelines governing the Program as it deems necessary and appropriate.