§ 15.2-2501 Establishment of funds for accounting and budgeting; separate depository and investment accounts not required
Every locality and school division shall establish such funds as may be required by law and as may otherwise be deemed necessary to provide appropriate accounting and budgetary control over the activities and affairs of the locality or school division. This section shall not be construed to require separate depository or investment accounts for the assets of each fund.
History
This law was first created in 1997. The record of its establishment is cataloged in chapter 587 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
1997, c. 587.