§ 22.1-147. Distribution of funds
The Board of Education shall provide for an equitable distribution of the funds loaned or provided as loan interest rate subsidy payments from the Literary Fund among the several school divisions. In providing for such equitable distribution, the Board shall impose a maximum limit of not more than $7.5 million on the amount of any loan from the Literary Fund.
(Code 1950, § 22-106; 1977, c. 157; 1980, c. 559; 1988, c. 88; 1997, c. 384; 1998, c. 70.)
Sections: Previous 22.1-142 22.1-143 22.1-144 22.1-145 22.1-146 22.1-147 22.1-148 22.1-149 22.1-150 22.1-151 22.1-152 22.1-153 22.1-154 22.1-158 22.1-159 NextLast modified: April 3, 2009