Code of Virginia - Title 33.1 Highways, Bridges And Ferries - Section 33.1-223.5 Deposit of money

§ 33.1-223.5. Deposit of money

All money belonging to the Fund shall be recorded on the books of the State Comptroller and deposited in accounts in banks or trust companies organized under the laws of the Commonwealth, in federally chartered banking institutions located in Virginia, or in savings institutions located in Virginia organized under the laws of the Commonwealth or the United States. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the State Treasurer in obligations or securities that are considered lawful investments for public funds under the laws of the Commonwealth. Earnings from investments and interest shall be returned to the Fund.

(1992, cc. 351, 389.)

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Last modified: April 3, 2009