HB1786: School boards; funds appropriated by locality shall be reappropriated to board.

HOUSE BILL NO. 1786
Offered January 12, 2011
Prefiled January 11, 2011
A BILL to amend and reenact § 22.1-100 of the Code of Virginia, relating to unexpended local school and educational funds.
Patrons-- Tata and Greason

Referred to Committee on Education

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 local 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.