{"data":{"id":"us-va/8vac20-100-50","jurisdiction":"us-va","citation":"8VAC20-100-50","heading":"Application approval","body":"Upon approval of a Literary Fund loan application, a Memorandum of Lien form, properly executed, and recorded in the appropriate circuit court is to be returned to the department. It is recognized that the lien is not effective until the Board of Education approves the initial release/commitment of funds against the project. Section 22.1-157 of the Code of Virginia provides that no recordation tax shall be assessable.","path":["Title 8. Education","Agency 20. State Board of Education","Chapter 100. Regulations Governing Literary Loan Applications in Virginia","Part III. Application Approval"],"source_url":"https://law.lis.virginia.gov/admincode/title8/agency20/chapter100/section50/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:47:33Z","sha256":"4e8a0a8b3def9d31a702d3ffc1ebc74e06cfb6ee6da772bc884af2800fb35818","source_id":"us-va-vac","stale":false,"prev":"us-va/8vac20-100-40","next":"us-va/8vac20-100-60"},"notice":"GroundRules: Original legal text. Not legal advice."}