Code of Virginia § 2.2-4504. Investment of funds by the Commonwealth and political subdivisions in bankers' acceptances.
56 words·~1 min read·
/va/title-2-2/chapter-45/2-2-4504·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any provisions of law to the contrary, all public officers, municipal corporations, other political subdivisions and all other public bodies of the Commonwealth may invest any and all moneys belonging to them or within their control other than sinking funds in bankers' acceptances.
1981, c. 18, § 2.1-328.3; 1988, c. 834; 2001, c. 844 .