{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/22.1-161.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/22.1-161.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/22.1-161.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/22.1-161.1.html"}],"law_id":354274,"edition_id":2,"section_id":354274,"structure_id":50698,"section_number":"22.1-161.1","catch_line":"Borrowing for capital projects for school purposes authorized","history":"1995, c. 250.","full_text":"In conformity with Article VII, Section 10 of the Constitution of Virginia, any school board is hereby authorized to contract to borrow money from the Virginia Retirement System for capital projects for school purposes, with the approval of the governing body of each county and city or part thereof constituting the school division, or of the town if the town constitutes the school division; and the Board of Trustees of the Virginia Retirement System is hereby authorized to lend the money if it is available for investment, subject to and in conformity with the provisions of this chapter.\n\n","order_by":null,"text":{"0":{"id":1318887,"text":"In conformity with Article VII, Section 10 of the Constitution of Virginia, any school board is hereby authorized to contract to borrow money from the Virginia Retirement System for capital projects for school purposes, with the approval of the governing body of each county and city or part thereof constituting the school division, or of the town if the town constitutes the school division; and the Board of Trustees of the Virginia Retirement System is hereby authorized to lend the money if it is available for investment, subject to and in conformity with the provisions of this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":50698,"edition_id":2,"name":"Borrowing by School Boards From Virginia Retirement System","identifier":"10.1","label":"chapter","depth":2,"order_by":12,"parent_id":50682,"metadata":{"child_laws":8,"child_structures":0},"date_created":"2026-08-02 02:31:37","date_modified":"2026-08-02 12:31:02","permalink":{"id":1408109,"object_type":"structure","relational_id":50698,"identifier":"10.1","token":"22.1\/10.1","url":"\/22.1\/10.1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50682,"edition_id":2,"name":"Education","identifier":"22.1","label":"title","depth":1,"order_by":60,"parent_id":null,"metadata":{"child_laws":858,"child_structures":99},"date_created":"2026-08-02 02:31:28","date_modified":"2026-08-02 12:30:57","permalink":{"id":1407951,"object_type":"structure","relational_id":50682,"identifier":"22.1","token":"22.1","url":"\/22.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":354274,"structure_id":50698,"section_number":"22.1-161.1","catch_line":"Borrowing for capital projects for school purposes authorized","url":"\/22.1-161.1\/","token":"22.1\/10.1\/22.1-161.1","metadata":false},{"id":354275,"structure_id":50698,"section_number":"22.1-161.2","catch_line":"Resolution by school board; approval or rejection by governing body; indebtedness evidenced by bonds","url":"\/22.1-161.2\/","token":"22.1\/10.1\/22.1-161.2","metadata":false},{"id":354276,"structure_id":50698,"section_number":"22.1-161.3","catch_line":"Issuance of bonds; procedure; form and requirements","url":"\/22.1-161.3\/","token":"22.1\/10.1\/22.1-161.3","metadata":false},{"id":354277,"structure_id":50698,"section_number":"22.1-161.4","catch_line":"Disposition of proceeds from sale of bonds; separate fund","url":"\/22.1-161.4\/","token":"22.1\/10.1\/22.1-161.4","metadata":false},{"id":354278,"structure_id":50698,"section_number":"22.1-161.5","catch_line":"Investment of proceeds pending application to authorized purpose","url":"\/22.1-161.5\/","token":"22.1\/10.1\/22.1-161.5","metadata":false},{"id":354279,"structure_id":50698,"section_number":"22.1-161.6","catch_line":"Repealed","url":"\/22.1-161.6\/","token":"22.1\/10.1\/22.1-161.6","metadata":false},{"id":354280,"structure_id":50698,"section_number":"22.1-161.7","catch_line":"Tax to pay principal and interest on bonds","url":"\/22.1-161.7\/","token":"22.1\/10.1\/22.1-161.7","metadata":false},{"id":354281,"structure_id":50698,"section_number":"22.1-161.8","catch_line":"Bonds deemed negotiable instruments; sale of bonds by Trustees of Retirement System; bonds made legal investments","url":"\/22.1-161.8\/","token":"22.1\/10.1\/22.1-161.8","metadata":false}],"next_section":{"id":354275,"structure_id":50698,"section_number":"22.1-161.2","catch_line":"Resolution by school board; approval or rejection by governing body; indebtedness evidenced by bonds","url":"\/22.1-161.2\/","token":"22.1\/10.1\/22.1-161.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-161.1\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapter 250<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1408111,"object_type":"law","relational_id":354274,"identifier":"22.1-161.1","token":"22.1\/10.1\/22.1-161.1","url":"\/22.1-161.1\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/22.1-161.1\/","token":"22.1\/10.1\/22.1-161.1","dublin_core":{"Title":"Borrowing for capital projects for school purposes authorized","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-161.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In conformity with Article VII, Section 10 of the Constitution of Virginia, any school board<\/span> is hereby authorized to contract<\/span> to borrow money from the Virginia Retirement System for capital projects for school purposes, with the approval of the governing body<\/span> of each county and city or part thereof constituting the school division, or of the town if the town constitutes the school division; and the Board of Trustees of the Virginia Retirement System is hereby authorized to lend the money if it is available for investment, subject to and in conformity with the provisions of this chapter.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBORROWING FOR CAPITAL PROJECTS FOR SCHOOL PURPOSES AUTHORIZED (\u00a7 22.1-161.1)\n\nIn conformity with Article VII, Section 10 of the Constitution of Virginia, any\nschool board is hereby authorized to contract to borrow money from the Virginia\nRetirement System for capital projects for school purposes, with the approval of\nthe governing body of each county and city or part thereof constituting the\nschool division, or of the town if the town constitutes the school division; and\nthe Board of Trustees of the Virginia Retirement System is hereby authorized to\nlend the money if it is available for investment, subject to and in conformity\nwith the provisions of this chapter.\n\nHISTORY: 1995, c. 250.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}