VA HB412

Directs the Joint Subcommittee to Study Elementary & Secondary Education Funding to examine best practices for developing and submitting annual needs-based school board budgets

Requires the study to include recommendations on the use of memoranda of understanding between localities and school divisions

Focuses on emphasizing the importance of local funding for school board budgets as required under existing Virginia Code sections 22.1-92 and 22.1-93

Mandates submission of findings and recommendations by November 1, 2026, to the House Committees on Appropriations and Education and the Senate Committees on Education and Health and Finance and Appropriations