1998 Special Session I

Budget Bill - HB4001 (Introduced)

Direct Aid to Public Education

Item 139

Item 139

First Year - FY1999Second Year - FY2000
Financial Assistance for Special State Revenue Sharing (Sales Tax) (17700)
     a sum sufficient, estimated at
Fund Sources:  
GeneralFY1999 $670,600,000FY2000 $704,900,000

Authority: § 58.1-638, Code of Virginia.

A. 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).

B. Certification of payments and distribution of this appropriation shall be made by the State Comptroller.

C. The distribution of the Special State Revenue Sharing (Sales Tax) funds shall be made in equal bi-monthly amounts at the middle and end of each month.