Applications shall be placed into priorities on the waiting list as follows:
Priority 1: Applications placed on the waiting list by the Board of Education from school divisions having a composite index less than .6000, and an outstanding indebtedness (including the application considered for release of funds by the Board of Education) to the Literary Fund less than $20 million.
Priority 2: Applications placed on the waiting list by the Board of Education from school divisions having a composite index of .6000 or above, or an outstanding indebtedness (including the application considered for release of funds by the Board of Education) to the Literary Fund greater than $20 million.
8 Va. Admin. Code § 20-100-170
Statutory Authority
Article VIII, §8 of the Constitution of Virginia; §§ 22.1-140 and 22.1-142 et seq. of the Code of Virginia.