Chap. 101.—An ACT to amend and re-enact section 1507 of the Code of
Virginia as heretofore amended in relation to the approximate appor-
tionment and disbursement of State school funds. (S. B. 70)

Approved March 15, 1915.

1. Be it enacted by the general assembly of Virginia, That section
fifteen hundred and seven of the Code of Virginia, as heretofore amended,
be amended and re-enacted So as to read as follows:

Section 1507. Approximate apportionment and disbursement of
State funds: The auditor of public accounts on or before the first day of
November of each year, shall make a calculation of the gross amount of
all funds applicable to public free school purposes for the ensuing year,
which calculation shall be based upon the State taxes assessed for school
purposes upon persons, real estate and tangible personal property and the
property of public service corporations other than the rolling stock of
corporations operating railroads by steam; and the auditor of public
accounts shall include in said calculation ten cents on every one hundred
dollars of the assessed value of the rolling stock of corporations operating
railroads by steam and a like amount on every one hundred dollars of
the assessed value of the intangible personal property, and so far as said
calculation shall be based upon the land and property books of the several
commissioners of the revenue for said year he shall base his calculations
upon the commissioner’s books of the next preceding year when said
books have not been received in time. From the aggregate thus ascer-
tained the auditor shall deduct as an allowance for delinquents ten per
cent of the State tax for public free school purposes upon persons and
real estate and upon tangible and intangible personal property and shall
report to the superintendent of public instruction not later than the
first day in November of each year the net amount of all funds found to
be applicable to public free school purposes for the current year after
making the deductions herein provided for as an approximate basis for
distribution ; whereupon, under the direction of the State board of edu-
cation, there shall be furnished to the auditor a distributive statement of
the amounts due the several counties and cities in the State upon this
approximate basis.

Upon receipt of such statement the auditor shall issue his warrant
upon the treasurer of the State for one-half of the amount each city or
county is entitled to receive, payable to the treasurer of such city or
county; and on the first day of February following; the auditor shall
issue his warrant upon the treasurer of the State for the other half of
the amount each city or county is entitled to receive, payable to the
treasurer of such city or county.