CODE OF VIRGINIA

(REPEALED EFFECTIVE OCTOBER 1, 2016) INSTITUTIONS RECEIVING INTEREST ACCRUING ON
PROCEEDS OF LAND SCRIP (§ 23-136)

The General Assembly having accepted the donation of lands proffered to Virginia
by the act of Congress of July 2, 1862; and,The authorities of the Commonwealth
having received the land scrip it was entitled to under such act of Congress;
and,The Board of Education having, in conformity with the acts of February
seventh, and March 19, 1872, made sale of the scrip and invested the proceeds in
state bonds, which were directed to be set apart and to constitute an education
fund:The annual accruing interest from such fund shall henceforth until
otherwise provided by law be paid one-third thereof to the Virginia State
University, and two-thirds to the board of visitors of the Virginia Polytechnic
Institute and State University.

HISTORY: Code 1919, § 853; 1920, p. 492; 1979, c. 147.