The proposed bill establishes the School Aid Formula Study Commission in West Virginia, aimed at revising the current school aid funding formula to ensure adequate and stable funding for public schools. 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 tasked with investigating options for public school funding and making specific recommendations to modernize the funding system, addressing challenges such as declining enrollment and resource allocation to private education.

The commission will be supported by the state board of education and may seek assistance from other state government entities. Members will be reimbursed for expenses according to legislative guidelines, and the commission is required to report its findings and recommendations to the Legislature by July 1, 2027. This initiative reflects the need to adapt the funding formula to better serve the educational needs of West Virginia's students and communities.