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Virginia Administrative Code
Title 8. Education
Agency 20. State Board of Education
Chapter 100. Regulations Governing Literary Loan Applications in Virginia
12/26/2024

8VAC20-100-170. Priorities.

Applications shall be placed into priorities on the waiting list as follows:

Priority 1: Applications placed on the waiting list by the Board of Education from school divisions having a composite index less than .6000, and an outstanding indebtedness (including the application considered for release of funds by the Board of Education) to the Literary Fund less than $20 million.

Priority 2: Applications placed on the waiting list by the Board of Education from school divisions having a composite index of .6000 or above, or an outstanding indebtedness (including the application considered for release of funds by the Board of Education) to the Literary Fund greater than $20 million.

Statutory Authority

Article VIII, § 8 of the Constitution of Virginia; §§ 22.1-140 and 22.1-142 et seq. of the Code of Virginia.

Historical Notes

Derived from VR270-01-0009 § 7.2, eff. March 30, 1988; amended, Virginia Register Volume 11, Issue 10, eff. March 8, 1995.

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