Section 120. Duration of loans

Latest version.

Literary Fund loans shall be made for a period of not less than five years nor more than 20 years. Literary Fund loans in an amount between $50,000 and $100,000 shall be for a period of five years.

Historical Notes

Derived from VR270-01-0009 § 5.3, eff. March 30, 1988; amended, Volume 11, Issue 10, eff. March 8, 1995.

Statutory Authority

Article VIII, § 8 of the Constitution of Virginia; §§ 22.1-140 and 22.1-142 et seq. of the Code of Virginia.

                    
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