Kindergarten Readiness Fund; established, report.

Virginia Preschool Initiative; Kindergarten Readiness Fund established. Establishes the Kindergarten Readiness Fund and provides that all balances of state general funds intended for the provision of services to families through the Virginia Preschool Initiative that are unspent at the end of each fiscal year shall not revert to the general fund but shall be paid into the state treasury and credited to the Kindergarten Readiness Fund and thereafter used in the discretion of the Department of Education solely for the purpose of providing grants on a competitive basis to school divisions to utilize for other currently operated early childhood education programs.