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1999 SESSION

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HB 2606 Moneys deposited in Virginia School Construction Grants Fund.

Introduced by: Thomas M. Jackson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Moneys deposited in Virginia School Construction Grants Fund. Provides that forfeited lottery prizes will be deposited in the Virginia Public School Construction Grants Fund, rather than the Literary Fund, and apportions the following percentages of lottery revenues transferred to the general fund annually for deposit in the Virginia School Construction Grants Fund as follows: for fiscal year 2000, up to 15 percent; for fiscal year 2001, up to 25 percent; for fiscal year 2002, up to 50 percent; for fiscal year 2003, up to 75 percent; and for fiscal year 2004 and thereafter, up to 100 percent.


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