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Virginia Regulatory Town Hall
Agency
Department of Education
Guidance Document Information
Title Eligibility Criteria and Procedures for Supplemental Funding for School Divisions in the Commonwealth of Virginia That Enter Into Cost-Saving or Service-Sharing Agreements
Document ID Finance & Operations
Summary Section 22.1-98.2, Code of Virginia, directs the Board of Education to develop eligibility criteria for cost-saving and service-sharing agreements for school divisions that enter into such agreements with contiguous school divisions. School divisions serving fewer than 1,100 students in the prior school year, having a local composite index of .6000 or greater, and having 65 percent or more of their local taxes coming from real estate taxes that enter into such an agreement with a contiguous school division are eligible to receive the state share for basic aid computed on the basis of the composite index of the contiguous school division, calculated annually, for 15 years.
Latest Revision 7/23/2009
pdf View document text     Posted On 12/18/2015                 Document on Town Hall

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