Bill
Bill > HB1059
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
03/14/2026
03/14/2026
Introduced Session
2026 Regular 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 the 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 have 65 percent or more of its local taxes come 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 a previous restriction that capped the amount of state aid a school division could receive when it entered into cost-saving agreements with a neighboring school division to share services, meaning these divisions can now receive adjusted state aid beyond the amount they received in 2007. Additionally, the bill specifically allows the Bath County School Board to enter into such cost-saving agreements with the Augusta County School Board, even if Bath County doesn't meet the general requirement that at least 65 percent of a school division's local taxes must come from real estate, as long as all other conditions for these agreements are met.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Left in Committee Appropriations (on 02/18/2026)
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/bill-details/20261/HB1059 | 01/14/2026 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB1059) | https://lis.blob.core.windows.net/files/1101153.PDF | 01/29/2026 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1059/text/HB1059 | 01/15/2026 |
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