§ 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.
(Code 1950, § 22-29.15; 1962, c. 195; 1971, Ex. Sess., cc. 127, 241; 1980, c. 559; 1988, c. 259.)
Sections: Previous 22.1-166.1 22.1-166.2 22.1-167 22.1-167.1 22.1-167.2 22.1-167.3 22.1-168 22.1-168.1 22.1-169 22.1-170 22.1-171 22.1-172 22.1-173 22.1-174 22.1-175Last modified: April 16, 2009