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1998 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 22.1-147 of the Code of Virginia is amended and reenacted as follows:
§ 22.1-147. Distribution of funds.
The Board of Education shall provide for an equitable distribution of the funds
loaned or provided as loan interest rate subsidy payments from the Literary
Fund among the several school divisions. In providing for such equitable
distribution, the Board may shall impose a maximum limit
of not more than seven and one-half $7.5 million
dollars on the amount of any loan from the Literary Fund.