{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/22.1-110.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/22.1-110.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/22.1-110.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/22.1-110.html"}],"law_id":65368,"edition_id":1,"section_id":65368,"structure_id":15691,"section_number":"22.1-110","catch_line":"Temporary loans to school boards","history":"Code 1950, \u00a7 22-120; 1980, c. 559; 1987, c. 251; 2006, c. 239.","full_text":"No school board shall borrow any money in any manner for any purpose without express authority of law. Any loan negotiated in violation of this section shall be void. Subject to the approval of the governing body or bodies appropriating funds to the school board, any school board is authorized to borrow money, when necessary, not to exceed in the aggregate one-half of the amount produced by the school levy for the school division for the year in which such money is so borrowed or one-half of the amount of the cash appropriation made to such school board for the preceding year or, in school divisions for which there is both a school levy and appropriation, one-half of the amount of each. Such loans shall be evidenced by notes or bonds negotiable or nonnegotiable, as the school board determines. In the case of temporary loans in anticipation of loans from the Literary Fund, such loans shall be repaid within two years of their dates. Other temporary loans shall be repaid within one year of their dates. However, loans made to purchase new school buses to replace obsolete or worn out equipment shall be repaid within not less than 10 years of their dates.","order_by":null,"text":{"0":{"id":237642,"text":"No school board shall borrow any money in any manner for any purpose without express authority of law. Any loan negotiated in violation of this section shall be void. Subject to the approval of the governing body or bodies appropriating funds to the school board, any school board is authorized to borrow money, when necessary, not to exceed in the aggregate one-half of the amount produced by the school levy for the school division for the year in which such money is so borrowed or one-half of the amount of the cash appropriation made to such school board for the preceding year or, in school divisions for which there is both a school levy and appropriation, one-half of the amount of each. Such loans shall be evidenced by notes or bonds negotiable or nonnegotiable, as the school board determines. In the case of temporary loans in anticipation of loans from the Literary Fund, such loans shall be repaid within two years of their dates. Other temporary loans shall be repaid within one year of their dates. However, loans made to purchase new school buses to replace obsolete or worn out equipment shall be repaid within not less than 10 years of their dates.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15691,"edition_id":1,"name":"Other Funds; Temporary Loans; Trust Funds","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13154,"metadata":{},"date_created":"2026-06-26 03:57:58","date_modified":"2026-06-26 03:57:58","permalink":{"id":184331,"object_type":"structure","relational_id":15691,"identifier":"3","token":"22.1\/8\/3","url":"\/22.1\/8\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13154,"edition_id":1,"name":"Public School Funds","identifier":"8","label":"chapter","depth":2,"order_by":1,"parent_id":12823,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":184213,"object_type":"structure","relational_id":13154,"identifier":"8","token":"22.1\/8","url":"\/22.1\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12823,"edition_id":1,"name":"Education","identifier":"22.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":180949,"object_type":"structure","relational_id":12823,"identifier":"22.1","token":"22.1","url":"\/22.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83177,"structure_id":15691,"section_number":"22.1-107","catch_line":"Glebe lands and church property; revenue and income therefrom","url":"\/22.1-107\/","token":"22.1\/8\/3\/22.1-107","metadata":false},{"id":80423,"structure_id":15691,"section_number":"22.1-108","catch_line":"Money derived from forest reserve","url":"\/22.1-108\/","token":"22.1\/8\/3\/22.1-108","metadata":false},{"id":73481,"structure_id":15691,"section_number":"22.1-109","catch_line":"Federal funds apportioned to school divisions containing lands leased for flood control purposes","url":"\/22.1-109\/","token":"22.1\/8\/3\/22.1-109","metadata":false},{"id":65368,"structure_id":15691,"section_number":"22.1-110","catch_line":"Temporary loans to school boards","url":"\/22.1-110\/","token":"22.1\/8\/3\/22.1-110","metadata":false},{"id":73155,"structure_id":15691,"section_number":"22.1-111","catch_line":"Trust funds","url":"\/22.1-111\/","token":"22.1\/8\/3\/22.1-111","metadata":false},{"id":60101,"structure_id":15691,"section_number":"22.1-112","catch_line":"Deposit and disbursement of donations","url":"\/22.1-112\/","token":"22.1\/8\/3\/22.1-112","metadata":false}],"previous_section":{"id":73481,"structure_id":15691,"section_number":"22.1-109","catch_line":"Federal funds apportioned to school divisions containing lands leased for flood control purposes","url":"\/22.1-109\/","token":"22.1\/8\/3\/22.1-109","metadata":false},"next_section":{"id":73155,"structure_id":15691,"section_number":"22.1-111","catch_line":"Trust funds","url":"\/22.1-111\/","token":"22.1\/8\/3\/22.1-111","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-110\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1980, chapter 559; in 1987, chapter 251; in 2006, chapter 239<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":184345,"object_type":"law","relational_id":65368,"identifier":"22.1-110","token":"22.1\/8\/3\/22.1-110","url":"\/22.1-110\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/22.1-110\/","token":"22.1\/8\/3\/22.1-110","dublin_core":{"Title":"Temporary loans to school boards","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-110","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

No school board<\/span> shall borrow any money in any manner for any purpose without express authority of law<\/span>. Any loan negotiated in violation of this section shall be void. Subject to the approval of the governing body<\/span> or bodies appropriating funds to the school board<\/span>, any school board<\/span> is authorized to borrow money, when necessary, not to exceed in the aggregate one-half of the amount produced by the school levy<\/span> for the school division for the year in which such money is so borrowed or one-half of the amount of the cash appropriation made to such school board<\/span> for the preceding year or, in school divisions for which there is both a school levy<\/span> and appropriation, one-half of the amount of each. Such loans shall be evidenced by notes or bonds<\/span> negotiable or nonnegotiable, as the school board<\/span> determines. In the case of temporary loans in anticipation of loans from the Literary Fund, such loans shall be repaid within two years of their dates. Other temporary loans shall be repaid within one year of their dates. However, loans made to purchase new school buses to replace obsolete or worn out equipment shall be repaid within not less than 10 years of their dates.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTEMPORARY LOANS TO SCHOOL BOARDS (\u00a7 22.1-110)\n\nNo school board shall borrow any money in any manner for any purpose without\nexpress authority of law. Any loan negotiated in violation of this section shall\nbe void. Subject to the approval of the governing body or bodies appropriating\nfunds to the school board, any school board is authorized to borrow money, when\nnecessary, not to exceed in the aggregate one-half of the amount produced by the\nschool levy for the school division for the year in which such money is so\nborrowed or one-half of the amount of the cash appropriation made to such school\nboard for the preceding year or, in school divisions for which there is both a\nschool levy and appropriation, one-half of the amount of each. Such loans shall\nbe evidenced by notes or bonds negotiable or nonnegotiable, as the school board\ndetermines. In the case of temporary loans in anticipation of loans from the\nLiterary Fund, such loans shall be repaid within two years of their dates. Other\ntemporary loans shall be repaid within one year of their dates. However, loans\nmade to purchase new school buses to replace obsolete or worn out equipment\nshall be repaid within not less than 10 years of their dates.\n\nHISTORY: Code 1950, \u00a7 22-120; 1980, c. 559; 1987, c. 251; 2006, c. 239.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}