Direct Aid to Public Education (197)
| Request Title | Develop recommendations to enhance the use of Literary Fund construction loans |
| Biennium | 2020-2022 |
| Budget Round | Amended Bill |
| Category | Appropriation Act language only |
| Region | None |
Description
|
Directs the Virginia Department of Education and the Virginia Department of the Treasury to develop recommendations for enhancing the Literary Fund's attractiveness as an ongoing source of school construction funding. The overall health of the Literary Fund improves with increased use of loans from the Fund; however, localities are finding more cost-effective borrowing options and relying less on the Literary Fund as a financing source. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 18:10:11
