Code of Virginia - Title 22.1 Education - Chapter 11 Virginia Public School Authority

22.1-162 Definitions
As used in this chapter: 1. "Authority" means the Virginia Public School Authority. 2. "Board of Commissioners" means the Board of Commissioners of the Authority. ...
22.1-163 Authority created; public body corporate and agency of Commonwealth
The Virginia Public School Authority is created as a public body corporate and an agency and instrumentality of the Commonwealth. (Code 1950, § 22-29.3; 1962, ...
22.1-164 Board of Commissioners; membership; terms; compensation and expenses; chairman and vice-chairman; q...
All powers, rights and duties conferred by this chapter or other provisions of law upon the Authority shall be exercised by the Board of Commissioners ...
22.1-165 Management and administration of moneys, etc., transferred from Literary Fund
The Authority shall manage and administer as provided in this chapter all moneys or obligations that may be set aside and transferred to it from ...
22.1-166 Purchase and sale of local school bonds
The Authority is authorized to purchase local school bonds with any funds of the Authority available for such purpose, at public or private sale and ...
22.1-166.1 Loans to local school boards
The Authority is authorized to make loans or loan interest rate subsidy payments, from any of the funds of the Authority available for such purpose, ...
22.1-166.2 Grants to local school boards
The Authority is authorized to make grants of money, from any of the funds of the Authority available for such purpose, to local school boards ...
22.1-167 Issuance of bonds of Authority
In order to provide funds for the purchase of local school bonds as authorized by § 22.1-166, to provide funds for the making of loans ...
22.1-167.1 Refunding issues; pass-through of savings realized
A. In the event the Authority refunds any bonds previously issued to finance the purchase of local school bonds, the Authority shall pass-through to the ...
22.1-167.2 Security for payment; appropriations
A. The Authority is authorized to issue bonds to finance and refinance acquisition of bonds, notes and other obligations of counties, cities and towns (local ...
22.1-167.3 Bonds or notes issued for the purpose of making grants; security for payment; appropriation...
A. The Authority is authorized to pledge to the bonds or notes of the Authority (i) authorized under the provisions of a resolution adopted subsequent ...
22.1-168 Security for payment and bonds; provisions of trust indenture or resolution of Board
In the discretion of the Board of Commissioners any bonds issued under the provisions of this chapter may be secured by a trust indenture by ...
22.1-168.1 Reserve fund; limitations
A. If the Board of Commissioners deems it proper to create a reserve fund or funds from bond proceeds to support an issuance of bonds ...
22.1-169 Investment of funds
Any funds held by the Authority or by the trustee under any trust indenture under the provisions of this chapter may be invested and reinvested ...
22.1-170 Repayments to Literary Fund
All assets heretofore or hereafter transferred to the Authority from the Literary Fund pursuant to § 22.1-175 shall remain assets of the Literary Fund and ...
22.1-171 Powers of Authority enumerated
A. In order to enable the Authority to carry out the purposes for which it is established, the Authority is vested with the powers of ...
22.1-172 Bonds exempt from taxation
The bonds issued by the Authority under the provisions of this chapter, their transfer and the income therefrom, including any profit made on the sale ...
22.1-173 Bonds legal investments
All bonds issued by the Authority under the provisions of this chapter are hereby made securities in which all public officers and bodies of the ...
22.1-174 Jurisdiction of suits against Authority; service of process
The Circuit Court of the City of Richmond shall have exclusive jurisdiction of any suit brought in Virginia against the Authority, and process in such ...
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 ...

Last modified: April 3, 2009