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§ 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 shall remain a part of the funds of the […]

§ 22.1-100.1. Lottery proceeds nonrecurring costs escrow accounts

A. Notwithstanding the provisions of § 22.1-100, the governing body of any locality may authorize the local treasurer or fiscal officer, by ordinance or resolution, to create a separate escrow account upon the books of the locality for the deposit of that portion of the locality’s appropriation from the lottery proceeds which are designated, pursuant […]

§ 22.1-88. Of what school funds to consist

The funds available to the school board of a school division for the establishment, support and maintenance of the public schools in the school division shall consist of state funds appropriated for public school purposes and apportioned to the school board, federal funds appropriated for educational purposes and apportioned to the school board, local funds […]

§ 22.1-89. Management of funds

Each school board shall manage and control the funds made available to the school board for public schools and may incur costs and expenses. If funds are appropriated to the school board by major classification as provided in § 22.1-94, no funds shall be expended by the school board except in accordance with such classifications […]

§ 22.1-89.1. Management of cafeteria funds

Notwithstanding any other provision of law including, but not limited to this article, §§ 15.2-2503 and 15.2-2506, a school board may, in its discretion, establish a decentralized system for management and control of cafeteria funds without including in its annual budget an estimate of the total amount of such decentralized cafeteria funds, or receiving an […]

§ 22.1-89.2. Financial records retention and disposition schedule

School boards shall retain and dispose of financial records in accordance with the regulations concerning financial records retention and disposition promulgated pursuant to the Virginia Public Records Act (§ 42.1-76 et seq.) by the State Library Board. However, school boards shall not be required to retain any such records pertaining to nonappropriated school activity funds […]

§ 22.1-90.1. Inclusion of instructional spending in the School Performance Report Card

The Department shall include in the annual School Performance Report Card for school divisions the percentage of each division’s annual operating budget allocated to instructional costs. For this purpose, the Department shall (i) establish a methodology for allocating each school division’s expenditures to instructional and noninstructional costs in a manner that, except in the case […]

§ 22.1-91. Limitation on expenditures; penalty

No school board shall expend or contract to expend, in any fiscal year, any sum of money in excess of the funds available for school purposes for that fiscal year without the consent of the governing body or bodies appropriating funds to the school board. Any member of a school board or any division superintendent […]

§ 22.1-93. Approval of annual budget for school purposes

Notwithstanding any other provision of law, including but not limited to Chapter 25 (§ 15.2-2500 et seq.) of Title 15.2, the governing body of a county and the governing body of a municipality shall each prepare and approve an annual budget for educational purposes by May 15 or within 30 days of the receipt by […]

§ 22.1-94. Appropriations by county, city or town governing body for public schools

A governing body may make appropriations to a school board from the funds derived from local levies and from any other funds available, for operation, capital outlay and debt service in the public schools. Such appropriations shall be not less than the cost apportioned to the governing body for maintaining an educational program meeting the […]

§ 22.1-95. Duty to levy school tax

Each county, city and town is authorized, directed and required to raise money by a tax on all property subject to local taxation at such rate as will insure a sum which, together with other available funds, will provide that portion of the cost apportioned to such county, city or town by law for maintaining […]

§ 22.1-97. Calculation and reporting of required local expenditures; procedure if locality fails to appropriate sufficient educational funds

A. The Department of Education shall collect annually the data necessary to make calculations and reports required by this subsection. At the beginning of each school year, the Department shall make calculations to ensure that each school division has appropriated sufficient funds to support its estimated required local expenditure for providing an educational program meeting […]

§ 22.1-98. Reduction of state aid when length of school term below 180 days or 990 hours

A. For the purposes of this section: “Declared state of emergency” means the declaration of an emergency before or after an event, by the Governor or by officials in a locality, that requires the closure of any or all schools within a school division. “Severe weather conditions or other emergency situations” means those circumstances presenting […]

§ 22.1-98.1. Extended School Year Incentive Program

From such funds as may be appropriated for such purpose and from such gifts, donations, grants, bequests, and other funds as may be received on its behalf, there is hereby established the Extended School Year Incentive Program, hereinafter referred to as the “Program,” to be administered by the Board of Education. In accordance with the […]