42.1-50 - Limitation of grants; proration of funds. - Virginia Statutes

§ 42.1-50. Limitation of grants; proration of funds.

The total amount of grants under §§ 42.1-48 and 42.1-49 shall not exceed theamount expended, exclusive of state and federal aid, by the politicalsubdivision or subdivisions operating the library. If the stateappropriations provided for grants under §§ 42.1-48 and 42.1-49 are notsufficient to meet approved applications, the Library Board shall prorate theavailable funds in such manner that each application shall receive itsproportionate share of each type of grant. Applications must be receivedprior to June one of each calendar year.

(Code 1950, § 42-25; 1952, c. 494; 1958, c. 426; 1970, c. 606.)