The Virginia Public School Authority, also known as VPSA, operates several financing programs for public primary and secondary education. It provides finance market access to communities, offers low-cost financing and maintains high credit quality. The authority offers a variety of school construction financing options. The Virginia Public School Authority issues its School Equipment Financing Notes to provide grants to local school boards for the purchase of new computers and other electronic technology equipment, as well as the network infrastructure for public schools. The authority also provides the Literary Fund Interest Rate Subsidy Program to schools. The Virginia Public School Authority is a part of the Virginia Department of the Treasury.