VA HB1059

Allows Bath County School Board to enter into cost-savings agreements with Augusta County School Board for consolidating or sharing educational, administrative, or support services

Waives the requirement that 65% or more of a school division's local taxes must come from real estate taxes to qualify for such agreements

Enables Bath County to receive state basic aid funding computed using Augusta County's composite index of local ability-to-pay

Removes outdated restrictions from the 2008 law that capped payments and prohibited disbursements before July 1, 2010

Requires a specific appropriation in the state budget before any additional funds can be paid under these agreements