Virginia Statutes
§ 51.1-149 — Appointment of custodian; payments
Virginia § 51.1-149
JurisdictionVirginia
Title 51.1PENSIONS, BENEFITS, AND RETIREMENT
Ch. 1VIRGINIA RETIREMENT SYSTEM
Art. 8ASSETS OF RETIREMENT SYSTEM
This text of Virginia § 51.1-149 (Appointment of custodian; payments) 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. § 51.1-149 (2026).
Text
The Board is authorized to appoint custodians for the safekeeping and payment of retirement system assets. The selection of these investment services shall be governed exclusively by the fiduciary standard set forth in this chapter.
The Board may request the State Treasurer to issue retirement benefit payments on behalf of the retirement system. At the direction of the Board, retirement payments from the accounts shall be made by the State Treasurer, on warrants of the Comptroller, issued upon vouchers signed by persons designated by the Board. A duly attested copy of a resolution of the Board designating the persons and bearing on its face the specimen signatures of the persons shall be filed with the Comptroller as his authority for issuing warrants upon such vouchers. No voucher shall
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Legislative History
1952, c. 157, § 51-111.51; 1988, c. 809; 1990, c. 832.
Nearby Sections
15
§ 51.1-100
Repealed§ 51.1-1000
All state and local plans included§ 51.1-1001
Summary plan description§ 51.1-1002
Annual statement of benefits§ 51.1-1004
Use of electronic media§ 51.1-1100
Definitions§ 51.1-1102
Additional powers of the Board§ 51.1-1103
Participation in the program§ 51.1-1105
Use of sick leave by participating employees§ 51.1-1107
Family and personal leave benefit§ 51.1-1108
Use of family and personal leaveCite This Page — Counsel Stack
Bluebook (online)
Virginia § 51.1-149, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/51.1/51.1-149.