{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/22.1-175.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/22.1-175.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/22.1-175.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/22.1-175.2.html"}],"law_id":54661,"edition_id":1,"section_id":54661,"structure_id":13682,"section_number":"22.1-175.2","catch_line":"Virginia Public School Construction Grants Fund created","history":"1995, c. 762; 1998, Sp. Sess. I, c. 2; 1999, cc. 354, 391.","full_text":"A\n\nFrom such funds as may be appropriated for this purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is hereby created in the Department of the Treasury a special nonreverting fund known as the Virginia Public School Construction Grants Fund. The Fund shall be established on the books of the Comptroller, and any moneys remaining in such Fund at the end of the biennium shall not revert to the general fund but shall remain in the Fund. Interest earned on such funds shall remain in the Fund and be credited to it. Funds may be disbursed to any school division that is eligible for financial assistance pursuant to the provisions of this chapter.B\n\nThe State Treasurer shall manage the Virginia Public School Construction Grants Fund, subject to the authority of the Board of Education to provide for its disbursement. The Fund shall be disbursed to award grants as provided in § 22.1-175.4. The amount of each grant awarded to a qualifying school division in any fiscal year shall not exceed 100 percent of the school division’s aggregate annual expenditures for school construction, additions, infrastructure, site acquisition for public school buildings and facilities, renovations, including the costs of retrofitting or enlarging public school buildings, and debt service payments on such school projects which have been completed during the last ten years.\n\t\t\tLocal governing bodies may establish a separate escrow fund for the deposit of such funds as provided in § 22.1-175.5.C\n\nThe amount of such public school construction grants shall be matched by funds of the qualifying school division based on the locality’s composite index of ability to pay. In awarding such grants, the Board shall take into consideration any Literary Fund loan which may have been applied for or awarded for the same projects.","order_by":null,"text":{"0":{"id":200697,"text":"From such funds as may be appropriated for this purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is hereby created in the Department of the Treasury a special nonreverting fund known as the Virginia Public School Construction Grants Fund. The Fund shall be established on the books of the Comptroller, and any moneys remaining in such Fund at the end of the biennium shall not revert to the general fund but shall remain in the Fund. Interest earned on such funds shall remain in the Fund and be credited to it. Funds may be disbursed to any school division that is eligible for financial assistance pursuant to the provisions of this chapter.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":200698,"text":"The State Treasurer shall manage the Virginia Public School Construction Grants Fund, subject to the authority of the Board of Education to provide for its disbursement. The Fund shall be disbursed to award grants as provided in § 22.1-175.4. The amount of each grant awarded to a qualifying school division in any fiscal year shall not exceed 100 percent of the school division’s aggregate annual expenditures for school construction, additions, infrastructure, site acquisition for public school buildings and facilities, renovations, including the costs of retrofitting or enlarging public school buildings, and debt service payments on such school projects which have been completed during the last ten years.\n\t\t\tLocal governing bodies may establish a separate escrow fund for the deposit of such funds as provided in § 22.1-175.5.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":200699,"text":"The amount of such public school construction grants shall be matched by funds of the qualifying school division based on the locality’s composite index of ability to pay. In awarding such grants, the Board shall take into consideration any Literary Fund loan which may have been applied for or awarded for the same projects.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13682,"edition_id":1,"name":"Virginia Public School Construction Grants Program and Fund","identifier":"11.1","label":"chapter","depth":2,"order_by":1,"parent_id":12823,"metadata":{},"date_created":"2026-06-26 03:45:33","date_modified":"2026-06-26 03:45:33","permalink":{"id":181223,"object_type":"structure","relational_id":13682,"identifier":"11.1","token":"22.1\/11.1","url":"\/22.1\/11.1\/","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":76514,"structure_id":13682,"section_number":"22.1-175.1","catch_line":"Virginia Public School Construction Grants Program established","url":"\/22.1-175.1\/","token":"22.1\/11.1\/22.1-175.1","metadata":false},{"id":54661,"structure_id":13682,"section_number":"22.1-175.2","catch_line":"Virginia Public School Construction Grants Fund created","url":"\/22.1-175.2\/","token":"22.1\/11.1\/22.1-175.2","metadata":false},{"id":62647,"structure_id":13682,"section_number":"22.1-175.3","catch_line":"Board to issue guidelines","url":"\/22.1-175.3\/","token":"22.1\/11.1\/22.1-175.3","metadata":false},{"id":71002,"structure_id":13682,"section_number":"22.1-175.4","catch_line":"Application for grants","url":"\/22.1-175.4\/","token":"22.1\/11.1\/22.1-175.4","metadata":false},{"id":80615,"structure_id":13682,"section_number":"22.1-175.5","catch_line":"Capital School Projects Fund","url":"\/22.1-175.5\/","token":"22.1\/11.1\/22.1-175.5","metadata":false}],"previous_section":{"id":76514,"structure_id":13682,"section_number":"22.1-175.1","catch_line":"Virginia Public School Construction Grants Program established","url":"\/22.1-175.1\/","token":"22.1\/11.1\/22.1-175.1","metadata":false},"next_section":{"id":62647,"structure_id":13682,"section_number":"22.1-175.3","catch_line":"Board to issue guidelines","url":"\/22.1-175.3\/","token":"22.1\/11.1\/22.1-175.3","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-175.2\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapter 762<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. 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. That modification is as follows: in 1999, chapters 354<\/a> and 391<\/a>.<\/p>","references":false,"refers_to":[{"id":71002,"section_number":"22.1-175.4","catch_line":"Application for grants","order_by":null,"url":"\/22.1-175.4\/"}],"permalink":{"id":181229,"object_type":"law","relational_id":54661,"identifier":"22.1-175.2","token":"22.1\/11.1\/22.1-175.2","url":"\/22.1-175.2\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/22.1-175.2\/","token":"22.1\/11.1\/22.1-175.2","dublin_core":{"Title":"Virginia Public School Construction Grants Fund created","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-175.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> From such funds as may be appropriated for this purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is hereby created in the Department<\/span> of the Treasury a special nonreverting fund known as the Virginia Public School Construction Grants Fund. The Fund shall be established on the books of the Comptroller, and any moneys remaining in such Fund at the end of the biennium shall not revert to the general fund but shall remain in the Fund. Interest earned on such funds shall remain in the Fund and be credited to it. Funds may be disbursed to any school division that is eligible for financial assistance pursuant to the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The State Treasurer shall manage the Virginia Public School Construction Grants Fund, subject to the authority of the Board<\/span> of Education to provide for its disbursement. The Fund shall be disbursed to award grants as provided in § 22.1-175.4<\/a>. The amount of each grant awarded to a qualifying school division in any fiscal year shall not exceed 100 percent of the school division’s aggregate annual expenditures for school construction, additions, infrastructure, site acquisition for public school buildings and facilities, renovations, including the costs of retrofitting or enlarging public school buildings, and debt service payments on such school projects which have been completed during the last ten years.\n\t\t\tLocal governing bodies may establish a separate escrow fund for the deposit of such funds as provided in § 22.1-175.5<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The amount of such public school construction grants shall be matched by funds of the qualifying school division based on the locality’s composite index of ability to pay. In awarding such grants, the Board<\/span> shall take into consideration any Literary Fund loan which may have been applied for or awarded for the same projects. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nVIRGINIA PUBLIC SCHOOL CONSTRUCTION GRANTS FUND CREATED (\u00a7 22.1-175.2)\n\nA. From such funds as may be appropriated for this purpose and from such gifts,\ndonations, grants, bequests, and other funds as may be received on its behalf,\nthere is hereby created in the Department of the Treasury a special nonreverting\nfund known as the Virginia Public School Construction Grants Fund. The Fund\nshall be established on the books of the Comptroller, and any moneys remaining\nin such Fund at the end of the biennium shall not revert to the general fund but\nshall remain in the Fund. Interest earned on such funds shall remain in the Fund\nand be credited to it. Funds may be disbursed to any school division that is\neligible for financial assistance pursuant to the provisions of this chapter.\n\nB. The State Treasurer shall manage the Virginia Public School Construction\nGrants Fund, subject to the authority of the Board of Education to provide for\nits disbursement. The Fund shall be disbursed to award grants as provided in\n§ 22.1-175.4. The amount of each grant awarded to a qualifying school\ndivision in any fiscal year shall not exceed 100 percent of the school\ndivision’s aggregate annual expenditures for school construction,\nadditions, infrastructure, site acquisition for public school buildings and\nfacilities, renovations, including the costs of retrofitting or enlarging public\nschool buildings, and debt service payments on such school projects which have\nbeen completed during the last ten years.\n\t\t\tLocal governing bodies may establish a separate escrow fund for the deposit\nof such funds as provided in § 22.1-175.5.\n\nC. The amount of such public school construction grants shall be matched by\nfunds of the qualifying school division based on the locality’s composite\nindex of ability to pay. In awarding such grants, the Board shall take into\nconsideration any Literary Fund loan which may have been applied for or awarded\nfor the same projects.\n\nHISTORY: 1995, c. 762; 1998, Sp. Sess. I, c. 2; 1999, cc. 354, 391.","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}}