Virginia § 22.1-149 - Additional funds for loans
Full text of Virginia Code of Virginia § 22.1-149 — Additional funds for loans, with citation guidance and answers to common questions.
§ 22.1-149. Additional funds for loans
When loans have been approved by the Board from time to time in such amounts that no sufficient balance is left in the Literary Fund from which to make additional loans, the Board is authorized to sell the bonds, notes or other evidences of debt of the school boards for which such loans are approved for investment of the trust funds of the Virginia Retirement System in such amount as may be approved by the Board of Trustees of the Virginia Retirement System in accordance with the provisions of § 51.1-124.30, in order to make such additional loans.
Code 1950, § 22-112; 1954, c. 476; 1958, c. 162; 1980, c. 559.
Frequently Asked Questions About Virginia § 22.1-149
What does Code of Virginia § 22.1-149 cover?
Section 22.1-149 ("Additional funds for loans") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 22.1-149?
A common citation format is "Code of Virginia § 22.1-149" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 22.1-149 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.