Virginia § 2.2-1815 Security to be given by depositories holding state funds

Virginia Statutes

§ 2.2-1815 — Security to be given by depositories holding state funds

Virginia § 2.2-1815

JurisdictionVirginia

Title 2.2ADMINISTRATION OF GOVERNMENT

Subtitle IORGANIZATION OF STATE GOVERNMENT

Ch. 18DEPARTMENT OF THE TREASURY

Art. 2STATE DEPOSITORIES

Part CSTATE AGENCIES RELATED TO THE GENERAL OPERATION OF GOVERNMENT

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Bluebook

Va. Code Ann. § 2.2-1815 (2026).

Text

No state funds shall be deposited in any depository unless it is a "qualified public depository" as defined in § 2.2-4401. For purposes of this article, "state funds" means public funds or moneys from any source, belonging to or for the use of the Commonwealth, or for the use of any state department, division, officer, board, commission, institution, or other agency or authority owned or controlled by the Commonwealth. All state funds shall be secured pursuant to the Virginia Security for Public Deposits Act (§ 2.2-4400 et seq.).

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No state funds shall be deposited in any depository unless it is a "qualified public depository" as defined in § 2.2-4401. For purposes of this article, "state funds" means public funds or moneys from any source, belonging to or for the use of the Commonwealth, or for the use of any state department, division, officer, board, commission, institution, or other agency or authority owned or controlled by the Commonwealth. All state funds shall be secured pursuant to the Virginia Security for Public Deposits Act (§ 2.2-4400 et seq.).