2006 Code of Virginia § 22.1-156 - Submission of application and certificate of title to Attorney General

22.1-156. Submission of application and certificate of title to AttorneyGeneral.

A. The application for a loan from the Literary Fund and the attorney'scertificate of title to the property on which is to be erected the schoolbuilding for which the loan is to be made shall be submitted to the AttorneyGeneral for his approval before the Board of Education makes such loan.

B. Notwithstanding the provisions of subsection A of this section, any schoolboard which enters into a long-term lease with an agency of the United Statesgovernment for land with the intention to use such land for construction of aschool and provides evidence that both parties to the lease are fullyapprised of the construction plans, a copy of such lease, certification ofthe approval of the lease by the local governing body and the local schoolboard, documentation of the fiscal integrity and benefits of the arrangement,and a brief synopsis of the lease to the Board may provide all of thematerials disclosed to the Board of Education and the clerk's certificaterequired by 22.1-155 B in lieu of the requirements of subsection A of thissection to the Attorney General for his approval before the Board ofEducation makes such loan. For the purposes of this section, "long-termlease" means a lease for a term of twenty-five years or more.

(Code 1950, 22-109; 1980, c. 559; 1998, c. 719.)