Va. Code § 22.1-175

Current with changes from the 2024 legislative session through ch. 845

Section 22.1-175 - Transfers from Literary Fund to Authority

On January 1 and July 1 of each year or at such other times as requested by the Authority, there shall be set aside and transferred from the Literary Fund to the Virginia Public School Authority for public school purposes all notes bearing fixed maturity dates and representing amounts loaned by the Literary Fund to local school boards pursuant to Chapter 10 (§ 22.1-142 et seq.) of this title, to be held and administered by the Virginia Public School Authority as provided by law. The Board of Education, the State Treasurer and the State Comptroller are hereby authorized and directed to take all necessary steps to accomplish such transfer.

Va. Code § 22.1-175

Code 1950, § 22-29.15; 1962, c. 195; 1971, Ex. Sess., cc. 127, 241; 1980, c. 559; 1988, c. 259.

Amended by Acts 1988, § c.259.

Amended by Acts 1980, § c. 559.

Amended by Acts 1971, § Ex. Sess., cc. 127, 241.

Amended by Acts 1962, § c. 195.