CHAPTER 195

An Act to set aside and transfer to the Virginia Public School Authorit:
for public school purposes on July 1,1962, and semiannually thereafte
the principal of the Literary Fund in excess of ten million dollars and
other moneys theretofore set aside.
[H 467]

Approved March 7%, 1962

Be it enacted by the General Assembly of Virginia:

1, § 1. On July first, nineteen hundred and sixty-two, and on January
first and July first in each year thereafter, there shall be set aside and
transferred to the Virginia Public School Authority for public school
purposes, to be held and administered by the Virginia Public School
Authority as provided by law, so much of the principal of the Literary
Fund established under Section one hundred and thirty-four of the Con-
stitution as is in excess of the total of (a) ten million dollars and (b) any
other moneys theretofore set aside by the General Assembly under Section
one hundred and thirty-four of the Constitution, and the State Board of
Education and the State Treasurer and the State Comptroller are hereby
authorized and directed to take all necessary steps to accomplish such
transfer.

2. An emergency exists and this act is in force from its passage.