State and Local Funds

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 1 of the Code of Virginia, titled “State and Local Funds.” It is part of Chapter 8 “Public School Funds”, which is part of Title 22.1 “Education”. It contains 23 laws.

It’s comprised of the following 23 sections.

§ 22.1-100	Unexpended school and educational funds; capital reserve fund permitted
§ 22.1-100.1	Lottery proceeds nonrecurring costs escrow accounts
§ 22.1-101	Repealed
§ 22.1-101.1	Increase of funds for certain nonresident students; how increase computed and paid; billing of out-of-state placing agencies or persons
§ 22.1-88	Of what school funds to consist
§ 22.1-89	Management of funds
§ 22.1-89.1	Management of cafeteria funds
§ 22.1-89.2	Financial records retention and disposition schedule
§ 22.1-89.3	Repealed
§ 22.1-89.4	Certain policy required; partnerships and sponsorships
§ 22.1-90	Annual report of expenditures
§ 22.1-90.1	Inclusion of instructional spending in the School Performance Report Card
§ 22.1-91	Limitation on expenditures; penalty
§ 22.1-92	Estimate of moneys needed for public schools; notice of costs to be distributed
§ 22.1-93	Approval of annual budget for school purposes
§ 22.1-94	Appropriations by county, city or town governing body for public schools
§ 22.1-95	Duty to levy school tax
§ 22.1-96	Proration of operating cost, expenditures for capital outlay purposes and indebtedness for construction of buildings in certain school divisions
§ 22.1-97	Calculation and reporting of required local expenditures; procedure if locality fails to appropriate sufficient educational funds
§ 22.1-98	Reduction of state aid when length of school term below 180 days or 990 hours
§ 22.1-98.1	Extended School Year Incentive Program
§ 22.1-98.2	Certain agreements; adjustment of state share for basic aid
§ 22.1-99	Approval and certification of apportionment of school funds