{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/22.1-142.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/22.1-142.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/22.1-142.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/22.1-142.html"}],"law_id":57272,"edition_id":1,"section_id":57272,"structure_id":14751,"section_number":"22.1-142","catch_line":"How Fund constituted; management","history":"Code 1950, \u00a7 22-101; 1971, Ex. Sess., c. 128; 1980, c. 559; 2012, cc. 283, 756.","full_text":"There shall be set apart as a permanent and perpetual fund, to be known as the “Literary Fund,” the present Literary Fund of the Commonwealth, donations to the Literary Fund, sums appropriated to the Literary Fund, all funds received by the State Treasurer and required to be deposited in the Literary Fund pursuant to Chapter 25 (\u00a7 55.1-2500 et seq.) of Title 55.1 and the proceeds of (i) all public lands donated by Congress for public school purposes, (ii) all escheated property, (iii) all waste and unappropriated lands, (iv) all property accruing to the Commonwealth by forfeiture except those items specifically exempted, (v) all fines collected for offenses committed against the Commonwealth, and (vi) the annual interest on the Literary Fund. The Literary Fund shall be invested and managed by the Board of Education as prescribed by \u00a7 22.1-145.","order_by":null,"text":{"0":{"id":209796,"text":"There shall be set apart as a permanent and perpetual fund, to be known as the “Literary Fund,” the present Literary Fund of the Commonwealth, donations to the Literary Fund, sums appropriated to the Literary Fund, all funds received by the State Treasurer and required to be deposited in the Literary Fund pursuant to Chapter 25 (\u00a7 55.1-2500 et seq.) of Title 55.1 and the proceeds of (i) all public lands donated by Congress for public school purposes, (ii) all escheated property, (iii) all waste and unappropriated lands, (iv) all property accruing to the Commonwealth by forfeiture except those items specifically exempted, (v) all fines collected for offenses committed against the Commonwealth, and (vi) the annual interest on the Literary Fund. The Literary Fund shall be invested and managed by the Board of Education as prescribed by \u00a7 22.1-145.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14751,"edition_id":1,"name":"Literary Fund","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12823,"metadata":{},"date_created":"2026-06-26 03:49:43","date_modified":"2026-06-26 03:49:43","permalink":{"id":181033,"object_type":"structure","relational_id":14751,"identifier":"10","token":"22.1\/10","url":"\/22.1\/10\/","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":57272,"structure_id":14751,"section_number":"22.1-142","catch_line":"How Fund constituted; management","url":"\/22.1-142\/","token":"22.1\/10\/22.1-142","metadata":false},{"id":79935,"structure_id":14751,"section_number":"22.1-143","catch_line":"Money belonging to Fund received in treasury; accountant","url":"\/22.1-143\/","token":"22.1\/10\/22.1-143","metadata":false},{"id":73717,"structure_id":14751,"section_number":"22.1-144","catch_line":"Recovery of moneys due Fund","url":"\/22.1-144\/","token":"22.1\/10\/22.1-144","metadata":false},{"id":76672,"structure_id":14751,"section_number":"22.1-145","catch_line":"Investment of Fund","url":"\/22.1-145\/","token":"22.1\/10\/22.1-145","metadata":false},{"id":75590,"structure_id":14751,"section_number":"22.1-146","catch_line":"Power of Board to make loans from fund for erection, etc., of school buildings and fueling facilities for school buses","url":"\/22.1-146\/","token":"22.1\/10\/22.1-146","metadata":false},{"id":75337,"structure_id":14751,"section_number":"22.1-146.1","catch_line":"School modernization loan interest rate subsidy payments","url":"\/22.1-146.1\/","token":"22.1\/10\/22.1-146.1","metadata":false},{"id":63686,"structure_id":14751,"section_number":"22.1-147","catch_line":"Application for and distribution of funds","url":"\/22.1-147\/","token":"22.1\/10\/22.1-147","metadata":false},{"id":56494,"structure_id":14751,"section_number":"22.1-148","catch_line":"Restrictions upon making loans; retirement of previous loans; waiting lists","url":"\/22.1-148\/","token":"22.1\/10\/22.1-148","metadata":false},{"id":86924,"structure_id":14751,"section_number":"22.1-149","catch_line":"Additional funds for loans","url":"\/22.1-149\/","token":"22.1\/10\/22.1-149","metadata":false},{"id":74838,"structure_id":14751,"section_number":"22.1-150","catch_line":"Rate of interest","url":"\/22.1-150\/","token":"22.1\/10\/22.1-150","metadata":false},{"id":60513,"structure_id":14751,"section_number":"22.1-151","catch_line":"Evidence of loan","url":"\/22.1-151\/","token":"22.1\/10\/22.1-151","metadata":false},{"id":68977,"structure_id":14751,"section_number":"22.1-152","catch_line":"Payment of principal and interest","url":"\/22.1-152\/","token":"22.1\/10\/22.1-152","metadata":false},{"id":67623,"structure_id":14751,"section_number":"22.1-153","catch_line":"School boards authorized to borrow from Fund; form of application","url":"\/22.1-153\/","token":"22.1\/10\/22.1-153","metadata":false},{"id":69002,"structure_id":14751,"section_number":"22.1-154","catch_line":"Repealed","url":"\/22.1-154\/","token":"22.1\/10\/22.1-154","metadata":false},{"id":85355,"structure_id":14751,"section_number":"22.1-158","catch_line":"Provisions for payment","url":"\/22.1-158\/","token":"22.1\/10\/22.1-158","metadata":false},{"id":57381,"structure_id":14751,"section_number":"22.1-159","catch_line":"Loans for construction of school facilities to serve portions of counties; levy of taxes for purpose of repaying such loans","url":"\/22.1-159\/","token":"22.1\/10\/22.1-159","metadata":false},{"id":81446,"structure_id":14751,"section_number":"22.1-160","catch_line":"School boards authorized to anticipate payment of loans","url":"\/22.1-160\/","token":"22.1\/10\/22.1-160","metadata":false},{"id":57015,"structure_id":14751,"section_number":"22.1-161","catch_line":"Loan declared indebtedness of the county, city or town; lien on locality's funds created","url":"\/22.1-161\/","token":"22.1\/10\/22.1-161","metadata":false}],"next_section":{"id":79935,"structure_id":14751,"section_number":"22.1-143","catch_line":"Money belonging to Fund received in treasury; accountant","url":"\/22.1-143\/","token":"22.1\/10\/22.1-143","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-142\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 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 2012, chapters 283<\/a> and 756<\/a>.<\/p>","references":[{"id":73854,"section_number":"22.1-167.1","catch_line":"Refunding issues; pass-through of savings realized","order_by":null,"url":"\/22.1-167.1\/"},{"id":55435,"section_number":"22.1-175","catch_line":"Transfers from Literary Fund to Authority","order_by":null,"url":"\/22.1-175\/"}],"refers_to":[{"id":76672,"section_number":"22.1-145","catch_line":"Investment of Fund","order_by":null,"url":"\/22.1-145\/"},{"id":58539,"section_number":"55.1-2500","catch_line":"Definitions","order_by":null,"url":"\/55.1-2500\/"}],"permalink":{"id":181035,"object_type":"law","relational_id":57272,"identifier":"22.1-142","token":"22.1\/10\/22.1-142","url":"\/22.1-142\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/22.1-142\/","token":"22.1\/10\/22.1-142","dublin_core":{"Title":"How Fund constituted; management","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-142","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

There shall be set apart as a permanent and perpetual fund, to be known as the “Literary Fund,” the present Literary Fund of the Commonwealth, donations to the Literary Fund, sums appropriated to the Literary Fund, all funds received by the State Treasurer and required to be deposited in the Literary Fund pursuant to Chapter 25 (\u00a7 55.1-2500<\/a> et seq.) of Title 55.1 and the proceeds of (i) all public lands donated by Congress for public school purposes, (ii) all escheated property, (iii) all waste and unappropriated lands, (iv) all property accruing to the Commonwealth by forfeiture except those items specifically exempted, (v) all fines collected for offenses<\/span> committed against the Commonwealth, and (vi) the annual interest on the Literary Fund. The Literary Fund shall be invested and managed by the Board<\/span> of Education as prescribed by \u00a7 22.1-145<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nHOW FUND CONSTITUTED; MANAGEMENT (\u00a7 22.1-142)\n\nThere shall be set apart as a permanent and perpetual fund, to be known as the\n“Literary Fund,” the present Literary Fund of the Commonwealth,\ndonations to the Literary Fund, sums appropriated to the Literary Fund, all\nfunds received by the State Treasurer and required to be deposited in the\nLiterary Fund pursuant to Chapter 25 (\u00a7 55.1-2500 et seq.) of Title 55.1 and\nthe proceeds of (i) all public lands donated by Congress for public school\npurposes, (ii) all escheated property, (iii) all waste and unappropriated lands,\n(iv) all property accruing to the Commonwealth by forfeiture except those items\nspecifically exempted, (v) all fines collected for offenses committed against\nthe Commonwealth, and (vi) the annual interest on the Literary Fund. The\nLiterary Fund shall be invested and managed by the Board of Education as\nprescribed by \u00a7 22.1-145.\n\nHISTORY: Code 1950, \u00a7 22-101; 1971, Ex. Sess., c. 128; 1980, c. 559; 2012, cc.\n283, 756.","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}}