{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/22.1-149.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/22.1-149.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/22.1-149.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/22.1-149.html"}],"law_id":86924,"edition_id":1,"section_id":86924,"structure_id":14751,"section_number":"22.1-149","catch_line":"Additional funds for loans","history":"Code 1950, \u00a7 22-112; 1954, c. 476; 1958, c. 162; 1980, c. 559.","full_text":"When loans have been approved by the Board from time to time in such amounts that no sufficient balance is left in the Literary Fund from which to make additional loans, the Board is authorized to sell the bonds, notes or other evidences of debt of the school boards for which such loans are approved for investment of the trust funds of the Virginia Retirement System in such amount as may be approved by the Board of Trustees of the Virginia Retirement System in accordance with the provisions of \u00a7 51.1-124.30, in order to make such additional loans.","order_by":null,"text":{"0":{"id":311216,"text":"When loans have been approved by the Board from time to time in such amounts that no sufficient balance is left in the Literary Fund from which to make additional loans, the Board is authorized to sell the bonds, notes or other evidences of debt of the school boards for which such loans are approved for investment of the trust funds of the Virginia Retirement System in such amount as may be approved by the Board of Trustees of the Virginia Retirement System in accordance with the provisions of \u00a7 51.1-124.30, in order to make such additional loans.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-149\/","history_text":"<p>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 1954, chapter 476; in 1958, chapter 162; in 1980, chapter 559.<\/p>","references":false,"refers_to":[{"id":84073,"section_number":"51.1-124.30","catch_line":"Board as trustee of funds; investments; standard of care; liability for losses","order_by":null,"url":"\/51.1-124.30\/"}],"permalink":{"id":181067,"object_type":"law","relational_id":86924,"identifier":"22.1-149","token":"22.1\/10\/22.1-149","url":"\/22.1-149\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/22.1-149\/","token":"22.1\/10\/22.1-149","dublin_core":{"Title":"Additional funds for loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-149","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>When loans have been approved by the <span class=\"dictionary\">Board<\/span> from time to time in such amounts that no sufficient balance is left in the Literary Fund from which to make additional loans, the <span class=\"dictionary\">Board<\/span> is authorized to sell the <span class=\"dictionary\">bonds<\/span>, notes or other <span class=\"dictionary\">evidences<\/span> of debt of the <span class=\"dictionary\">school boards<\/span> for which such loans are approved for investment of the trust funds of the Virginia Retirement System in such amount as may be approved by the <span class=\"dictionary\">Board<\/span> of Trustees of the Virginia Retirement System in accordance with the provisions of \u00a7&nbsp;<a class=\"law\" title=\"Board as trustee of funds; investments; standard of care; liability for losses\" href=\"\/51.1-124.30\/\">51.1-124.30<\/a>, in <span class=\"dictionary\">order<\/span> to make such additional loans.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nADDITIONAL FUNDS FOR LOANS (\u00a7 22.1-149)\n\nWhen loans have been approved by the Board from time to time in such amounts\nthat no sufficient balance is left in the Literary Fund from which to make\nadditional loans, the Board is authorized to sell the bonds, notes or other\nevidences of debt of the school boards for which such loans are approved for\ninvestment of the trust funds of the Virginia Retirement System in such amount\nas may be approved by the Board of Trustees of the Virginia Retirement System in\naccordance with the provisions of \u00a7 51.1-124.30, in order to make such\nadditional loans.\n\nHISTORY: Code 1950, \u00a7 22-112; 1954, c. 476; 1958, c. 162; 1980, c. 559.","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}}