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2016 Session

Budget Amendments - SB30 (Committee Approved)

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Clarify Achievable Dream Eligibility for NAP (language only)

Item 138 #11s

Item 138 #11s

Education: Elementary and Secondary
Direct Aid to Public Education

Language

Page 110, line 8, after "Achieveable Dream Middle and High School, Inc." insert: "that would be allowable for a donation in said amount pursuant to § 58.1-439.21 and § 58.1-439.24.  The amount of credit allowed for a donation valued at $500,000 is $325,000 of Neighborhood Assistance Program Tax Credits, and accordingly, the Neighborhood Assistance Program Tax Credits available to An Achievable Dream Middle and High School Inc. shall be reduced by $325,000 in each of the first and second years from the Neighborhood Assistance Program Tax Credits for An Achievable Dream Middle and High School Inc.".



Explanation

(This amendment clarfies the amount of adjustment to the Neighborhood Assistance Program Tax Credits amount for the Achievable Dream schools.)