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2023 SESSION

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23103163D
HOUSE BILL NO. 1694 Offered January 11, 2023 Prefiled January 9, 2023 A BILL to amend the Code of Virginia by adding a section numbered 22.1-96.1, relating to school boards; school building maintenance reserves. ---------- Patrons-- Simonds; Senator: McClellan ---------- Referred to Committee on Education ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 22.1-96.1 as follows:

§ 22.1-96.1. School building maintenance reserves.

Each local school board shall establish and shall include in any multiyear capital improvement plan or substantially similar document that it adopts a school building maintenance reserve target of at least 1.5 percent of the replacement value of such building in order to avoid major replacement costs in the future.