{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-1240.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-1240.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-1240.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-1240.html"}],"law_id":81733,"edition_id":1,"section_id":81733,"structure_id":16628,"section_number":"23.1-1240","catch_line":"Tech Talent Investment Fund created","history":"2019, cc. 638, 639.","full_text":"A\n\nThere is hereby created in the state treasury a special nonreverting fund to be known as the Tech Talent Investment Fund. The Fund shall be established on the books of the Comptroller. All funds appropriated for the Fund shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely to fund grants approved pursuant to the provisions of this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller.B\n\nMoneys in the Fund shall be used to support the efforts of qualified institutions to increase by fiscal year 2039 the number of new eligible degrees by at least 25,000 more degrees than the number of such degrees awarded in 2018 and to improve the readiness of graduates to be employed in technology-related fields and fields that align with traded-sector growth opportunities identified by the Virginia Economic Development Partnership. Funds from the Fund may be used to support admissions and advising programs designed to convey labor market information to students to guide decisions to enroll in eligible degree programs and academic programs and to fund facility construction, renovation, and enhancement and equipment purchases related to the initiative to increase the number of eligible degrees awarded.","order_by":null,"text":{"0":{"id":292784,"text":"There is hereby created in the state treasury a special nonreverting fund to be known as the Tech Talent Investment Fund. The Fund shall be established on the books of the Comptroller. All funds appropriated for the Fund shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely to fund grants approved pursuant to the provisions of this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":292785,"text":"Moneys in the Fund shall be used to support the efforts of qualified institutions to increase by fiscal year 2039 the number of new eligible degrees by at least 25,000 more degrees than the number of such degrees awarded in 2018 and to improve the readiness of graduates to be employed in technology-related fields and fields that align with traded-sector growth opportunities identified by the Virginia Economic Development Partnership. Funds from the Fund may be used to support admissions and advising programs designed to convey labor market information to students to guide decisions to enroll in eligible degree programs and academic programs and to fund facility construction, renovation, and enhancement and equipment purchases related to the initiative to increase the number of eligible degrees awarded.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":16628,"edition_id":1,"name":"Tech Talent Investment Program","identifier":"12.1","label":"chapter","depth":3,"order_by":1,"parent_id":14060,"metadata":{},"date_created":"2026-06-26 04:28:24","date_modified":"2026-06-26 04:28:24","permalink":{"id":185897,"object_type":"structure","relational_id":16628,"identifier":"12.1","token":"23.1\/III\/12.1","url":"\/23.1\/III\/12.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14060,"edition_id":1,"name":"Management and Financing","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:46:44","date_modified":"2026-06-26 03:46:44","permalink":{"id":185513,"object_type":"structure","relational_id":14060,"identifier":"III","token":"23.1\/III","url":"\/23.1\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; Other Educational and Cultural Institutions","identifier":"23.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184581,"object_type":"structure","relational_id":13111,"identifier":"23.1","token":"23.1","url":"\/23.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":82449,"structure_id":16628,"section_number":"23.1-1239","catch_line":"Definitions","url":"\/23.1-1239\/","token":"23.1\/III\/12.1\/23.1-1239","metadata":false},{"id":81733,"structure_id":16628,"section_number":"23.1-1240","catch_line":"Tech Talent Investment Fund created","url":"\/23.1-1240\/","token":"23.1\/III\/12.1\/23.1-1240","metadata":false},{"id":73066,"structure_id":16628,"section_number":"23.1-1241","catch_line":"Approval and update of memorandum of understanding","url":"\/23.1-1241\/","token":"23.1\/III\/12.1\/23.1-1241","metadata":false},{"id":81590,"structure_id":16628,"section_number":"23.1-1242","catch_line":"Eligibility for grant payments","url":"\/23.1-1242\/","token":"23.1\/III\/12.1\/23.1-1242","metadata":false},{"id":75379,"structure_id":16628,"section_number":"23.1-1243","catch_line":"Annual report","url":"\/23.1-1243\/","token":"23.1\/III\/12.1\/23.1-1243","metadata":false}],"previous_section":{"id":82449,"structure_id":16628,"section_number":"23.1-1239","catch_line":"Definitions","url":"\/23.1-1239\/","token":"23.1\/III\/12.1\/23.1-1239","metadata":false},"next_section":{"id":73066,"structure_id":16628,"section_number":"23.1-1241","catch_line":"Approval and update of memorandum of understanding","url":"\/23.1-1241\/","token":"23.1\/III\/12.1\/23.1-1241","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-1240\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapters 638<\/a> and 639<\/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.<\/p>","references":false,"refers_to":false,"permalink":{"id":185903,"object_type":"law","relational_id":81733,"identifier":"23.1-1240","token":"23.1\/III\/12.1\/23.1-1240","url":"\/23.1-1240\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-1240\/","token":"23.1\/III\/12.1\/23.1-1240","dublin_core":{"Title":"Tech Talent Investment Fund created","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-1240","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> There is hereby created in the state treasury a special nonreverting fund<\/span> to be known as the Tech Talent Investment Fund<\/span>. The Fund<\/span> shall be established on the books of the Comptroller. All funds<\/span> appropriated for the Fund<\/span> shall be paid into the state treasury and credited to the Fund<\/span>. Interest earned on moneys in the Fund<\/span> shall remain in the Fund<\/span> and be credited to it. Any moneys remaining in the Fund<\/span>, including interest thereon, at the end of each fiscal year shall not revert to the general fund<\/span> but shall remain in the Fund<\/span>. Moneys in the Fund<\/span> shall be used solely to fund<\/span> grants<\/span> approved pursuant to the provisions of this chapter. Expenditures and disbursements from the Fund<\/span> shall be made by the State Treasurer on warrants issued by the Comptroller. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Moneys in the Fund<\/span> shall be used to support the efforts of qualified institutions<\/span> to increase by fiscal year 2039 the number of new eligible degrees<\/span> by at least 25,000 more degrees than the number of such degrees awarded in 2018 and to improve the readiness of graduates to be employed in technology-related fields and fields that align with traded-sector growth opportunities identified by the Virginia Economic Development Partnership. Funds<\/span> from the Fund<\/span> may be used to support admissions and advising programs designed to convey labor market information to students to guide decisions to enroll in eligible degree<\/span> programs and academic programs and to fund<\/span> facility construction, renovation, and enhancement and equipment purchases related to the initiative to increase the number of eligible degrees<\/span> awarded. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTECH TALENT INVESTMENT FUND CREATED (\u00a7 23.1-1240)\n\nA. There is hereby created in the state treasury a special nonreverting fund to\nbe known as the Tech Talent Investment Fund. The Fund shall be established on\nthe books of the Comptroller. All funds appropriated for the Fund shall be paid\ninto the state treasury and credited to the Fund. Interest earned on moneys in\nthe Fund shall remain in the Fund and be credited to it. Any moneys remaining in\nthe Fund, including interest thereon, at the end of each fiscal year shall not\nrevert to the general fund but shall remain in the Fund. Moneys in the Fund\nshall be used solely to fund grants approved pursuant to the provisions of this\nchapter. Expenditures and disbursements from the Fund shall be made by the State\nTreasurer on warrants issued by the Comptroller.\n\nB. Moneys in the Fund shall be used to support the efforts of qualified\ninstitutions to increase by fiscal year 2039 the number of new eligible degrees\nby at least 25,000 more degrees than the number of such degrees awarded in 2018\nand to improve the readiness of graduates to be employed in technology-related\nfields and fields that align with traded-sector growth opportunities identified\nby the Virginia Economic Development Partnership. Funds from the Fund may be\nused to support admissions and advising programs designed to convey labor market\ninformation to students to guide decisions to enroll in eligible degree programs\nand academic programs and to fund facility construction, renovation, and\nenhancement and equipment purchases related to the initiative to increase the\nnumber of eligible degrees awarded.\n\nHISTORY: 2019, cc. 638, 639.","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}}