Bill Text: VA HB547 | 2012 | Regular Session | Prefiled

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Bill Title: School divisions, local; may use unexpended state funds to provide one-time bonus to teachers.

Spectrum: Partisan Bill (Republican 10-0)

Status: (Introduced - Dead) 2012-02-20 - House: Left in Appropriations [HB547 Detail]

Download: Virginia-2012-HB547-Prefiled.html

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12101319D
HOUSE BILL NO. 547 Offered January 11, 2012 Prefiled January 10, 2012 A BILL to amend and reenact §22.1-100 of the Code of Virginia, relating to unexpended state funds. ---------- Patrons-- Comstock and LeMunyon ---------- Referred to Committee on Education ----------

Be it enacted by the General Assembly of Virginia:

1.  That §22.1-100 of the Code of Virginia is amended and reenacted as follows:

§22.1-100. Unexpended school and educational funds.

All sums of money derived from the Commonwealth which are unexpended in any year in any school division shall revert to the fund of the Commonwealth from which derived unless the Board of Education directs otherwise or unless the school division elects to provide a one-time bonus to all teachers of up to three percent of the annual base salary. All sums derived from local funds unexpended in any year shall remain a part of the funds of the governing body appropriating the funds for use the next year, but no local funds shall be subject to redivision outside of the locality in which they were raised.