{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/22.1-161.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/22.1-161.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/22.1-161.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/22.1-161.html"}],"law_id":57015,"edition_id":1,"section_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","history":"Code 1950, \u00a7\u00a7 22-102, 22-115; 1956, c. 184; 1971, Ex. Sess., c. 128; 1980, c. 559; 2007, c. 121; 2008, c. 365.","full_text":"Any bonds or notes of a school board held by the Literary Fund are hereby declared to be valid and legally binding indebtedness of the county, city or combination thereof constituting the school division or of the town if the town constitutes the school division. There shall be a lien in favor of the Literary Fund on all funds and income of the county, city or town for the amount of such bonds and notes. Therefore, Literary Fund loans are considered to be general obligation debt of the governing body as defined in \u00a7 15.2-2602, and are subject to the provisions of \u00a7\u00a7 15.2-2638 and 15.2-2659. The provisions of this section shall not be affected by the release of any memorandum of lien pursuant to subsection B of \u00a7 22.1-151.","order_by":null,"text":{"0":{"id":208856,"text":"Any bonds or notes of a school board held by the Literary Fund are hereby declared to be valid and legally binding indebtedness of the county, city or combination thereof constituting the school division or of the town if the town constitutes the school division. There shall be a lien in favor of the Literary Fund on all funds and income of the county, city or town for the amount of such bonds and notes. Therefore, Literary Fund loans are considered to be general obligation debt of the governing body as defined in \u00a7 15.2-2602, and are subject to the provisions of \u00a7\u00a7 15.2-2638 and 15.2-2659. The provisions of this section shall not be affected by the release of any memorandum of lien pursuant to subsection B of \u00a7 22.1-151.","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":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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-161\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1956, chapter 184; in 1980, chapter 559; in 2007, chapter 121<\/a>; in 2008, chapter 365<\/a>.<\/p>","references":false,"refers_to":[{"id":81371,"section_number":"15.2-2602","catch_line":"Definitions","order_by":null,"url":"\/15.2-2602\/"},{"id":62736,"section_number":"15.2-2638","catch_line":"Powers of counties generally; approval of voters required","order_by":null,"url":"\/15.2-2638\/"},{"id":78015,"section_number":"15.2-2659","catch_line":"Investigation by Governor of alleged defaults; withholding state funds from defaulting locality; payment of funds withheld; receipts, reports, etc.; magisterial and school district defaults included","order_by":null,"url":"\/15.2-2659\/"},{"id":60513,"section_number":"22.1-151","catch_line":"Evidence of loan","order_by":null,"url":"\/22.1-151\/"}],"permalink":{"id":181103,"object_type":"law","relational_id":57015,"identifier":"22.1-161","token":"22.1\/10\/22.1-161","url":"\/22.1-161\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/22.1-161\/","token":"22.1\/10\/22.1-161","dublin_core":{"Title":"Loan declared indebtedness of the county, city or town; lien on locality’s funds created","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-161","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any bonds<\/span> or notes of a school board<\/span> held by the Literary Fund are hereby declared to be valid and legally binding indebtedness of the county, city or combination thereof constituting the school division or of the town if the town constitutes the school division. There shall be a lien<\/span> in favor of the Literary Fund on all funds and income of the county, city or town for the amount of such bonds<\/span> and notes. Therefore, Literary Fund loans are considered to be general obligation debt of the governing body<\/span> as defined in \u00a7 15.2-2602<\/a>, and are subject to the provisions of \u00a7\u00a7 15.2-2638<\/a> and 15.2-2659<\/a>. The provisions of this section shall not be affected by the release of any memorandum<\/span> of lien<\/span> pursuant to subsection B of \u00a7 22.1-151<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLOAN DECLARED INDEBTEDNESS OF THE COUNTY, CITY OR TOWN; LIEN ON LOCALITY’S\nFUNDS CREATED (\u00a7 22.1-161)\n\nAny bonds or notes of a school board held by the Literary Fund are hereby\ndeclared to be valid and legally binding indebtedness of the county, city or\ncombination thereof constituting the school division or of the town if the town\nconstitutes the school division. There shall be a lien in favor of the Literary\nFund on all funds and income of the county, city or town for the amount of such\nbonds and notes. Therefore, Literary Fund loans are considered to be general\nobligation debt of the governing body as defined in \u00a7 15.2-2602, and are\nsubject to the provisions of \u00a7\u00a7 15.2-2638 and 15.2-2659. The provisions of\nthis section shall not be affected by the release of any memorandum of lien\npursuant to subsection B of \u00a7 22.1-151.\n\nHISTORY: Code 1950, \u00a7\u00a7 22-102, 22-115; 1956, c. 184; 1971, Ex. Sess., c. 128;\n1980, c. 559; 2007, c. 121; 2008, c. 365.","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}}