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1998 SESSION

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SB 675 Public School Construction Grants Program and Fund.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Public School Construction Grants Program and Fund. Modifies the statutes relating to this school construction law to limit the grants to new construction, to clarify the requirement for local matching funds according to the composite index of local ability-to-pay, and to mandate two priority lists based on the length of grant approval time and the aggregate amount of any grants. The bill dedicates any one-half percent increase in the sales tax which may be approved by a statewide referendum conducted in November 1998 to this program and fund. This bill requires the referendum to ask the voters whether there shall be a one-half percent increase in the sales tax, effective from July 1, 1999, with the revenues from such increase being used exclusively for grants to local school boards for the construction of school buildings.


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