Virginia Decodedhttps://vacode.org6649223.1-2207Payment of interest on debt of University; sinking fund2025Institutions of Higher Education; Other Educational and Cultural InstitutionsPublic Institutions of Higher EducationUniversity of VirginiaGeneral Provisions

Out of the appropriation made by the General Assembly for the support of the University, there shall be first set apart, annually, a sum sufficient to pay the interest accruing on the existing interest-bearing debt of the University, except as provided in § 23.1-1109, and to constitute a sinking fund for the liquidation of the principal of such debt. Such sum shall be applied to no other purpose or object.

Code 1919, § 820, § 23-67; 2016, c. 588.