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Bill > SB468
VA SB468
VA SB468Bath County and Augusta County School Boards; cost-savings agreements, requirements.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
04/11/2024
04/11/2024
Introduced Session
2024 Regular Session
Bill Summary
Certain school divisions; cost-savings agreements; requirements. Removes the limitation on any school board that enters into certain cost-savings agreements with a school board that governs a contiguous school division for the consolidation or sharing of educational, administrative, or support services and thus qualifies for adjustment of state share of basic aid computed annually on the basis of the composite index of local ability-to-pay of such contiguous school division that caps such adjusted basic aid payment at an amount equal to the basic aid payment appropriated to such locality by the 2007 Session of the General Assembly. The bill also permits, notwithstanding the requirement set forth in relevant law that a school division has 65 percent or more of its local taxes coming from real estate taxes in order for the school board that governs such school division to be eligible to enter into such cost-savings agreements with a contiguous school division, the Bath County School Board to enter into such cost-savings agreements with the Augusta County School Board, provided that all other conditions and limitations set forth in relevant law apply to any such agreement.
AI Summary
This bill removes the limitation on school boards that enter into cost-savings agreements with contiguous school divisions for the consolidation or sharing of educational, administrative, or support services. It also permits the Bath County School Board to enter into such cost-savings agreements with the Augusta County School Board, even though Bath County does not meet the usual requirement of having 65% or more of its local taxes coming from real estate taxes. The bill also stipulates that any additional funds resulting from these agreements will not be paid unless there is a specific appropriation for them in the appropriation act at the time payment is proposed.
Committee Categories
Education, Health and Social Services
Sponsors (1)
Last Action
Continued to 2025 in Education and Health (15-Y 0-N) (on 02/08/2024)
Taxonomy
Education
- ‐ Elementary and Secondary Education
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB468 | 01/11/2024 |
| Fiscal Note/Analysis - Senate: Prefiled and ordered printed; off | https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB468F122+PDF | 02/01/2024 |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB468+hil | 01/11/2024 |
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