Tuesday, October 7, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB449: School boards, local; unexpended funds.
Be it enacted by the General Assembly of Virginia:
1. That § 22.1-100 of the Code of Virginia is amended and reenacted as follows:
§ 22.1-100. Unexpended school and educational funds.
All sums of money derived from the Commonwealth which are
unexpended in any year in any school division shall revert to the fund of the
Commonwealth from which derived unless the Board of Education directs
otherwise. All sums derived from local funds unexpended in any year in
any school division shall remain a part of the
funds of the governing body appropriating the funds for use the next year, but no not revert to the
locality but shall be reappropriated to the local school board for the
succeeding fiscal years. No local funds shall be subject to
redivision outside of the locality in which they were raised.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.