The proposed bill aims to amend the Code of West Virginia by introducing a new article, the "Student First School Funding Act," which establishes a student-based funding formula for public education. This formula mandates that state funds be allocated directly per student enrolled in each school district, with additional weighted allocations for students from low-income families, students with disabilities, students in gifted programs, and those in rural schools. The bill also emphasizes the importance of equitable local contributions and mandates an annual review of the funding formula to ensure its effectiveness and fairness.

Additionally, the bill seeks to ensure equal access to funds for school maintenance and consolidation. It establishes a dedicated School Maintenance Fund, allowing schools to apply for funds for necessary repairs and upkeep, while maintaining the existing School Consolidation Fund with revised guidelines focused on educational outcomes. The application process for both funds will be streamlined and transparent, and a legislative committee will oversee the distribution and use of these funds. Furthermore, the bill requires school districts to provide annual reports on fund utilization and mandates regular audits by the State Auditor to ensure compliance and accountability.