Item 139 (Not set out) | First Year - FY1999 | Second Year - FY2000 |
|---|---|---|
| Financial Assistance for Special State Revenue Sharing (17700) a sum sufficient, estimated at | $982,800,000 | $1,051,874,856 |
| Financial Assistance for Sales Tax Revenue Sharing (17701) a sum sufficient, estimated at (17701) | FY1999 $668,400,000 | FY2000 $734,100,000 |
| Financial Assistance for Lottery Proceeds Revenue Sharing (17702) | FY1999 $314,400,000 | FY2000 $317,774,856 |
| Fund Sources: | ||
| General | FY1999 $982,800,000 | FY2000 $1,051,874,856 |
Authority: §§ 58.1-638, 58.1-4023, Code of Virginia.
A.1. This appropriation is for distribution to counties, cities and towns a portion of net revenue from the state sales and use tax, in support of the Standards of Quality (Title 22.1, Chapter 13.2, Code of Virginia) (See the Attorney General's opinion of August 3, 1982).
2. Certification of payments and distribution of this appropriation shall be made by the State Comptroller.
3. The distribution of the Special State Revenue Sharing (Sales Tax) funds shall be made in equal bimonthly payments at the middle and end of each month.
B.1. This appropriation includes $314,400,000 the first year and $310,300,000 $317,774,856 the second year from the general fund as the state payment for the lottery profits, to be deposited into the general fund pursuant to § 3-1.01 G of this act.
2. Out of this appropriation, $190,928,101 the first year and $188,025,106 $192,564,419 the second year shall be used, together with funds appropriated in Item 138, to fund the state's share of Basic Aid Payments as determined in Item 138 C 2.
3.a. Out of this appropriation, an amount estimated at $123,471,899 the first year and $122,274,894 the second year shall be disbursed by the Department of Education to local school divisions to support the state share of an estimated $198.80 per pupil the first year and $195.00 $196.00 per pupil the second year in adjusted average daily membership. These funds shall be matched by the local government, based on the composite index of local ability-to-pay. Further, in order to receive this funding, the locality in which the school division is located shall appropriate these funds solely for educational purposes and shall not use such funds to reduce total local operating expenditures for public education below the amount expended by the locality for such purposes in the year upon which the 1998-2000 biennial Standards of Quality expenditure data were based; provided however, that no locality shall be required to maintain a per pupil expenditure which is greater than the per pupil amount expended by the locality for such purposes in the year upon which the 1998-2000 biennial Standards of Quality expenditure data were based.
b.1) Out of this appropriation, an amount estimated at $2,935,543 the second year in additional lottery proceeds shall be disbursed by the Department of Education to local school divisions to support the state share of an estimated $4.70 per pupil the second year in adjusted daily membership. These funds shall be matched by the local government, based on the composite index of local ability-to-pay.
2) Further, in order to receive this funding, the locality in which the school division is located shall appropriate these funds solely for educational purposes and shall not use such funds to reduce total local operating expenditures for public education below the amount expended by the locality for purposes in the year upon which the 1998-2000 biennial Standards of Quality expenditure data were based; provided however, that no locality shall be required to maintain a per pupil expenditure which is greater than the per pupil amount expended by the locality for such purposes in the year upon which the 1998-2000 biennial Standards of Quality expenditure data were based.
3) The additional state payment for each school division in Item 138 C 7 d 1) shall be reduced by an amount equal to the additional lottery proceeds appropriated in paragraph 1) above for such school division.
4. Of the amounts listed in paragraph 3 above, no more than 50 percent shall be used for recurring costs and at least 50 percent shall be spent on nonrecurring expenditures by the relevant school division. Nonrecurring costs shall include school construction, additions, infrastructure, site acquisition, renovations, technology, and other expenditures related to modernizing classroom equipment, and debt service payments on school projects completed during the last 10 years.
5. Any funds provided to school divisions in the first year from this Item that are unexpended as of June 30, 1999, shall be carried on the books of the locality to be appropriated to the school division in the second year.
6. In order to ensure that the distribution for each shool division during the 1998-2000 biennium in this Item is not less than the distribution of net lottery profits that the school divisions would have received pursuant to House Bill 1450 and Senate Bill 800 (1999) as introduced, an additional $14,943,258 the first year and $14,844,685 the second year is provided from the general fund in Item 138 C 7 d.