Virginia § 33.2-295 Deposit and investment of funds

Virginia Statutes

§ 33.2-295 — Deposit and investment of funds

Virginia § 33.2-295

JurisdictionVirginia

Title 33.2Highways and Other Surface Transportation Systems

Subtitle IGeneral Provisions and Transportation Entities

Ch. 2Transportation Entities

Art. 6Virginia Passenger Rail Authority Act

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Bluebook

Va. Code Ann. § 33.2-295 (2026).

Text

Bonds issued by the Authority under the provisions of this article are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations of the Commonwealth is now or may hereafter be authorized by law.

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Bonds issued by the Authority under the provisions of this article are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations of the Commonwealth is now or may hereafter be authorized by law.