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2019 SESSION
19102006DBe it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 22.1-290.03 as follows:
§ 22.1-290.03. Dual Enrollment Faculty Credential Grant Fund and Program.
A. There is hereby created in the state treasury a special nonreverting fund to be known as the Dual Enrollment Faculty Credential Grant Fund, referred to in this section as "the Fund." The Fund shall be established on the books of the Comptroller. All funds appropriated for such purpose and any gifts, donations, grants, bequests, and other funds received on its behalf 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 it. 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 awarding grants on a competitive basis through the Dual Enrollment Faculty Credential Grant Program established pursuant to subsection B. 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.
B. There is hereby created the Dual Enrollment Faculty Credential Grant Program (the Program) for the purpose of awarding grants on a competitive basis from the Fund to school boards to assist high school teachers employed in the local school division to obtain the credentials necessary to be considered faculty who are qualified to teach dual enrollment courses in high schools in the local school division. The Department of Education shall administer the Program and shall establish such guidelines and procedures as it deems necessary for the administration of the Program, including guidelines and procedures for grant applications, awards, and renewals.