                                 CODE OF VIRGINIA

INSTITUTIONS RECEIVING INTEREST ACCRUING ON PROCEEDS OF LAND SCRIP (§
23.1-2638)

The annual accruing interest from the education fund resulting from the donation
of lands by act of Congress on July 2, 1862, and the sale of such lands and the
investment of the proceeds from such sale in state bonds by the Board of
Education on February 7 and March 19, 1872, shall be paid one-third to Virginia
State University and two-thirds to the University.

HISTORY: Code 1919, § 853, § 23-136; 1920, p. 492; 1979, c. 147; 2016, c. 588.