Carryforward Authority for Local Divisions (language only)

Item 154 #1c

Language
Page 156, line 40, before "Payments", insert “A.”
Page 156, after line 45, insert:
"B. Notwithstanding the provisions of § 22.1-100, Code of Virginia, any unexpended balances of state funds held by school divisions on June 30, 2002, that are not required to be spent for the state share of the Standards of Quality programs as specified in Item 143 A 7 may be carried on the books of the locality to be appropriated to the school division in the following fiscal year for any school purpose.  Any such funds carried to the next fiscal year shall continue to be counted as state funds."

Explanation
(This amendment is self-explanatory.)