22.1-175.1 - Virginia Public School Construction Grants Program established. - Virginia Statutes

§ 22.1-175.1. Virginia Public School Construction Grants Program established.

The Virginia Public School Construction Grants Program is hereby establishedto provide grants to eligible school divisions for school construction,additions, infrastructure, site acquisition for public school buildings andfacilities, and renovations, including the costs of retrofitting or enlargingpublic school buildings; further, if a school division has completed any suchprojects during the previous ten years, the grants may be used for debtservice payments or a portion thereof. The Program shall be administered bythe Board of Education.

Local governing bodies may also establish a separate escrow fund for thedeposit of such funds as provided in § 22.1-175.5.

(1995, c. 762; 1998, Sp. Sess. I, c. 2; 1999, cc. 354, 391.)