The Authority shall manage and administer as provided in this chapter all moneys or obligations that may be set aside and transferred to it from the principal of the Literary Fund by the General Assembly for public school purposes pursuant to Article VIII, Section 8 of the Constitution of Virginia and any funds authorized by the General Assembly from the Literary Fund or otherwise appropriated by the General Assembly for public school purposes.
Code 1950, § 22-29.5; 1962, c. 194; 1971, Ex. Sess., c. 1; 1980, c. 559; 1990, c. 909.
Structure Code of Virginia
Chapter 11 - Virginia Public School Authority
§ 22.1-163. Authority created; public body corporate and agency of Commonwealth
§ 22.1-165. Management and administration of moneys, etc., transferred from Literary Fund
§ 22.1-166. Purchase and sale of local school bonds
§ 22.1-166.1. Loans to local school boards
§ 22.1-166.2. Grants to local school boards
§ 22.1-167. Issuance of bonds of Authority
§ 22.1-167.1. Refunding issues; pass-through of savings realized
§ 22.1-167.2. Security for payment; appropriations
§ 22.1-168. Security for payment and bonds; provisions of trust indenture or resolution of Board
§ 22.1-168.1. Reserve fund; limitations
§ 22.1-169. Investment of funds
§ 22.1-170. Repayments to Literary Fund
§ 22.1-171. Powers of Authority enumerated
§ 22.1-172. Bonds exempt from taxation
§ 22.1-173. Bonds legal investments
§ 22.1-174. Jurisdiction of suits against Authority; service of process