Virginia § 22.1-124 Officers may not purchase warrants for less than face value

Virginia Statutes

§ 22.1-124 — Officers may not purchase warrants for less than face value

Virginia § 22.1-124

Title 22.1EDUCATION

Ch. 8PUBLIC SCHOOL FUNDS

Art. 6PAYMENT OF CLAIMS

This text of Virginia § 22.1-124 (Officers may not purchase warrants for less than face value) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 22.1-124 (2026).

Text

It shall be unlawful for any county, municipal or state officer to acquire by purchase, directly or indirectly, at less than its face value any warrant or other evidence of indebtedness issued for any school purpose whatsoever by the governing body of any county, city or town or by any school board. Any violation of the provisions of this section shall be a Class 3 misdemeanor. Upon the conviction of any such officer of a violation of this section, his office shall be deemed vacant.

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It shall be unlawful for any county, municipal or state officer to acquire by purchase, directly or indirectly, at less than its face value any warrant or other evidence of indebtedness issued for any school purpose whatsoever by the governing body of any county, city or town or by any school board. Any violation of the provisions of this section shall be a Class 3 misdemeanor. Upon the conviction of any such officer of a violation of this section, his office shall be deemed vacant.