{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-603.18_1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-603.18_1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-603.18_1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-603.18_1.html"}],"law_id":60566,"edition_id":1,"section_id":60566,"structure_id":13451,"section_number":"10.1-603.18:1","catch_line":"Deposit of money; expenditures; investments","history":"2006, cc. 648, 765.","full_text":"All money belonging to the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the Commonwealth or in national banking associations located in Virginia or in savings institutions located in Virginia organized under the laws of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the Authority or other officers or employees designated by the Board of Directors of the Authority. All deposits of money shall, if required by the Authority, be secured in a manner determined by the Authority to be prudent, and all banks, trust companies, and savings institutions are authorized to give security for the deposits. Money in the Fund shall not be commingled with other money of the Authority. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the Authority in obligations or securities that are considered lawful investments for public funds under the laws of the Commonwealth.","order_by":null,"text":{"0":{"id":221389,"text":"All money belonging to the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the Commonwealth or in national banking associations located in Virginia or in savings institutions located in Virginia organized under the laws of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the Authority or other officers or employees designated by the Board of Directors of the Authority. All deposits of money shall, if required by the Authority, be secured in a manner determined by the Authority to be prudent, and all banks, trust companies, and savings institutions are authorized to give security for the deposits. Money in the Fund shall not be commingled with other money of the Authority. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the Authority in obligations or securities that are considered lawful investments for public funds under the laws of the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13451,"edition_id":1,"name":"Dam Safety, Flood Prevention, and Protection Assistance Fund","identifier":"1.2","label":"article","depth":4,"order_by":1,"parent_id":12894,"metadata":{},"date_created":"2026-06-26 03:44:55","date_modified":"2026-06-26 03:44:55","permalink":{"id":144311,"object_type":"structure","relational_id":13451,"identifier":"1.2","token":"10.1\/I\/6\/1.2","url":"\/10.1\/I\/6\/1.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12894,"edition_id":1,"name":"Flood Protection and Dam Safety","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":12893,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":144271,"object_type":"structure","relational_id":12894,"identifier":"6","token":"10.1\/I\/6","url":"\/10.1\/I\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12893,"edition_id":1,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12740,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":143315,"object_type":"structure","relational_id":12893,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12740,"edition_id":1,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":143313,"object_type":"structure","relational_id":12740,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61461,"structure_id":13451,"section_number":"10.1-603.16","catch_line":"Definitions","url":"\/10.1-603.16\/","token":"10.1\/I\/6\/1.2\/10.1-603.16","metadata":false},{"id":58185,"structure_id":13451,"section_number":"10.1-603.16:1","catch_line":"Certified mail; subsequent mail or notices may be sent by regular mail","url":"\/10.1-603.16_1\/","token":"10.1\/I\/6\/1.2\/10.1-603.16_1","metadata":false},{"id":81027,"structure_id":13451,"section_number":"10.1-603.17","catch_line":"Dam Safety, Flood Prevention and Protection Assistance Fund established","url":"\/10.1-603.17\/","token":"10.1\/I\/6\/1.2\/10.1-603.17","metadata":false},{"id":65695,"structure_id":13451,"section_number":"10.1-603.18","catch_line":"Administration of the Fund","url":"\/10.1-603.18\/","token":"10.1\/I\/6\/1.2\/10.1-603.18","metadata":false},{"id":60566,"structure_id":13451,"section_number":"10.1-603.18:1","catch_line":"Deposit of money; expenditures; investments","url":"\/10.1-603.18_1\/","token":"10.1\/I\/6\/1.2\/10.1-603.18_1","metadata":false},{"id":81747,"structure_id":13451,"section_number":"10.1-603.18:2","catch_line":"Collection of money due Fund","url":"\/10.1-603.18_2\/","token":"10.1\/I\/6\/1.2\/10.1-603.18_2","metadata":false},{"id":86471,"structure_id":13451,"section_number":"10.1-603.19","catch_line":"Purposes for which Fund is to be used; Authority to set terms and conditions of loans","url":"\/10.1-603.19\/","token":"10.1\/I\/6\/1.2\/10.1-603.19","metadata":false},{"id":86256,"structure_id":13451,"section_number":"10.1-603.19:1","catch_line":"Payments from a developer or subdivider","url":"\/10.1-603.19_1\/","token":"10.1\/I\/6\/1.2\/10.1-603.19_1","metadata":false},{"id":61348,"structure_id":13451,"section_number":"10.1-603.20","catch_line":"Condition for making loans or grants","url":"\/10.1-603.20\/","token":"10.1\/I\/6\/1.2\/10.1-603.20","metadata":false},{"id":66250,"structure_id":13451,"section_number":"10.1-603.21","catch_line":"Repealed","url":"\/10.1-603.21\/","token":"10.1\/I\/6\/1.2\/10.1-603.21","metadata":false},{"id":78648,"structure_id":13451,"section_number":"10.1-603.22:1","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/10.1-603.22_1\/","token":"10.1\/I\/6\/1.2\/10.1-603.22_1","metadata":false},{"id":54410,"structure_id":13451,"section_number":"10.1-603.22:2","catch_line":"Sale of loans","url":"\/10.1-603.22_2\/","token":"10.1\/I\/6\/1.2\/10.1-603.22_2","metadata":false},{"id":57810,"structure_id":13451,"section_number":"10.1-603.22:3","catch_line":"Powers of the Authority","url":"\/10.1-603.22_3\/","token":"10.1\/I\/6\/1.2\/10.1-603.22_3","metadata":false},{"id":84138,"structure_id":13451,"section_number":"10.1-603.22:4","catch_line":"Liberal construction of article","url":"\/10.1-603.22_4\/","token":"10.1\/I\/6\/1.2\/10.1-603.22_4","metadata":false},{"id":85550,"structure_id":13451,"section_number":"10.1-603.23","catch_line":"Record of application for grants or loans and action taken","url":"\/10.1-603.23\/","token":"10.1\/I\/6\/1.2\/10.1-603.23","metadata":false}],"previous_section":{"id":65695,"structure_id":13451,"section_number":"10.1-603.18","catch_line":"Administration of the Fund","url":"\/10.1-603.18\/","token":"10.1\/I\/6\/1.2\/10.1-603.18","metadata":false},"next_section":{"id":81747,"structure_id":13451,"section_number":"10.1-603.18:2","catch_line":"Collection of money due Fund","url":"\/10.1-603.18_2\/","token":"10.1\/I\/6\/1.2\/10.1-603.18_2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-603.18:1\/","history_text":"

This law was first created in 2006. The record of its establishment is cataloged in chapters 648<\/a> and 765<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":144329,"object_type":"law","relational_id":60566,"identifier":"10.1-603.18:1","token":"10.1\/I\/6\/1.2\/10.1-603.18_1","url":"\/10.1-603.18_1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-603.18_1\/","token":"10.1\/I\/6\/1.2\/10.1-603.18_1","dublin_core":{"Title":"Deposit of money; expenditures; investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-603.18:1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

All money belonging to the Fund<\/span> shall be deposited in an account or accounts in banks or trust companies organized under the laws<\/span> of the Commonwealth or in national banking associations located in Virginia or in savings institutions located in Virginia organized under the laws<\/span> of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director<\/span> of the Authority<\/span> or other officers or employees designated by the Board<\/span> of Directors<\/span> of the Authority<\/span>. All deposits of money shall, if required by the Authority<\/span>, be secured in a manner determined by the Authority<\/span> to be prudent, and all banks, trust companies, and savings institutions are authorized to give security for the deposits. Money in the Fund<\/span> shall not be commingled with other money of the Authority<\/span>. Money in the Fund<\/span> not needed for immediate use or disbursement may be invested or reinvested by the Authority<\/span> in obligations or securities that are considered lawful investments for public funds<\/span> under the laws<\/span> of the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEPOSIT OF MONEY; EXPENDITURES; INVESTMENTS (\u00a7 10.1-603.18:1)\n\nAll money belonging to the Fund shall be deposited in an account or accounts in\nbanks or trust companies organized under the laws of the Commonwealth or in\nnational banking associations located in Virginia or in savings institutions\nlocated in Virginia organized under the laws of the Commonwealth or the United\nStates. The money in these accounts shall be paid by check signed by the\nExecutive Director of the Authority or other officers or employees designated by\nthe Board of Directors of the Authority. All deposits of money shall, if\nrequired by the Authority, be secured in a manner determined by the Authority to\nbe prudent, and all banks, trust companies, and savings institutions are\nauthorized to give security for the deposits. Money in the Fund shall not be\ncommingled with other money of the Authority. Money in the Fund not needed for\nimmediate use or disbursement may be invested or reinvested by the Authority in\nobligations or securities that are considered lawful investments for public\nfunds under the laws of the Commonwealth.\n\nHISTORY: 2006, cc. 648, 765.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}