The proposed bill aims to establish a School Aid Formula Study Commission in West Virginia, tasked with evaluating and recommending revisions to the current school funding formula. The commission will consist of various members, including four current members of the state school board, representatives from teachers, school personnel, county school boards, parents, charter schools, and the school building authority. The commission is directed to investigate options for public school funding and to provide specific recommendations to ensure adequate and stable funding for public education in the state.

The bill outlines the commission's responsibilities, including conducting a thorough study of the school aid formula and reporting its findings to the Legislature by July 1, 2027. It emphasizes the importance of modernizing the funding system to address challenges faced by public schools, such as declining enrollment and resource allocation. Additionally, the commission will receive support from the state board of education and may seek assistance from other state government entities. Members of the commission will be reimbursed for their expenses in accordance with legislative guidelines.