The purpose of this bill is to repeal recently effective requirements that assumed assessed real property values that are based upon an assessment ratio study be used instead of actual real property values for the purpose of computing local share for public school support purposes, and to repeal recently effective requirements that penalize a county school board by reducing its state aid and increasing its annual amount of local share for public school support purposes where, during the prior year, the real property assessments in that county were not at least fifty-four percent of market value as indicated by the assessment ratio study. The bill also conforms 18-9A-11 to the recent judicial ruling finding as unconstitutional its provisions requiring certain county school boards to fund public libraries by deleting the language imposing those requirements.