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2019 SPECIAL SESSION I
19200378DBe it enacted by the General Assembly of Virginia:
1. That § 22.1-349.2 of the Code of Virginia is amended and reenacted as follows:
§ 22.1-349.2. College Partnership Laboratory School Fund.
There is created in the state treasury a special nonreverting
fund to be known as the College Partnership Laboratory School Fund, referred to
in this section as "the Fund." The Fund shall be established on the
books of the Comptroller. All funds appropriated in accordance with the general
appropriation act and any gifts, grants, bequests, or donations from public or
private sources shall be paid into the state treasury and credited to the Fund.
Interest earned on moneys in the Fund shall remain in the Fund and be credited
to the Fund. Any moneys remaining in the Fund, including interest thereon, at
the end of each fiscal year shall not revert to the general fund but shall
remain in the Fund. Moneys in the Fund shall be used solely for the purposes of
establishing or supporting college partnership laboratory schools that
stimulate the development of alternative education programs for preschool
through grade 12 students by providing opportunities for innovative instruction
and greater cooperation and coordination between institutions of higher
education and preschool through grade 12 education systems. Expenditures and
disbursements from the Fund shall be made by the State Treasurer on warrants
issued by the Comptroller upon written request signed by the Superintendent of
Public Instruction. The Board shall establish criteria
for, in
making distributions from the Fund to a college
partnership laboratory school schools requesting moneys from
the Fund, shall give priority to any historically
black college or university in the Commonwealth that proposes a program of
innovative, trauma-informed instruction
for students. The Board shall establish other
criteria for making such distributions and may issue guidelines governing the Fund as it deems necessary and
appropriate.