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2013 SESSION
13103169DBe it enacted by the General Assembly of Virginia:
1. That § 22.1-100 of the Code of Virginia is amended and reenacted as follows:
§ 22.1-100. Unexpended or unencumbered school and educational funds.
All sums of money derived from the Commonwealth which that
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 or
unencumbered in any year shall remain a part of the funds
of the governing body appropriating the funds for use the next year, but no
local funds shall be subject to redivision outside of the locality in which
they were raised.