Friday, October 10, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB566: Literary Fund; distributions.
Be it enacted by the General Assembly of Virginia:
1. That § 22.1-147 of the Code of Virginia is amended and reenacted as follows:
§ 22.1-147. Distribution of funds.
The Board of Education shall provide for an equitable
distribution of the funds loaned or provided as loan interest rate subsidy
payments from the Literary Fund among the several school divisions. In
providing for such equitable distribution, the Board shall impose a maximum
limit of not more than $7.5 $14
million on the amount of any loan from the Literary Fund.
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.