                                 CODE OF VIRGINIA

ADDITIONAL FUNDS FOR LOANS (§ 22.1-149)

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 § 51.1-124.30, in order to make such
additional loans.

HISTORY: Code 1950, § 22-112; 1954, c. 476; 1958, c. 162; 1980, c. 559.