Virginia Statutes
§ 51.1-150 — Deposits
Virginia § 51.1-150
JurisdictionVirginia
Title 51.1PENSIONS, BENEFITS, AND RETIREMENT
Ch. 1VIRGINIA RETIREMENT SYSTEM
Art. 8ASSETS OF RETIREMENT SYSTEM
This text of Virginia § 51.1-150 (Deposits) 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. § 51.1-150 (2026).
Text
For the purpose of meeting disbursements for retirement allowances and other payments, cash, not exceeding ten percent of the total amount in the accounts of the retirement system, may be kept on deposit to the credit of the State Treasurer in one or more banks or trust companies, located in Virginia, organized under the laws of Virginia or of the United States and qualified as state depositories.
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Legislative History
1952, c. 157, § 51-111.52; 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Repealed§ 51.1-1000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 § 51.1-150, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/51.1/51.1-150.