Virginia Public School Authority

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Chapter 11 of the Code of Virginia, titled “Virginia Public School Authority.” It is part of Title 22.1 “Education”. It contains 20 laws.

It’s comprised of the following 20 sections.

§ 22.1-162	Definitions
§ 22.1-163	Authority created; public body corporate and agency of Commonwealth
§ 22.1-164	Board of Commissioners; membership; terms; compensation and expenses; chairman and vice-chairman; quorum; employees, agents, etc
§ 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
§ 22.1-167.3	Bonds or notes issued for the purpose of making grants; 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
§ 22.1-175	Transfers from Literary Fund to Authority