{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-603.26.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-603.26.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-603.26.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-603.26.html"}],"law_id":80614,"edition_id":1,"section_id":80614,"structure_id":14875,"section_number":"10.1-603.26","catch_line":"Deposit of moneys; expenditures; investments","history":"2016, c. 762.","full_text":"All moneys in 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 moneys 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 moneys 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. Moneys in the Fund shall not be commingled with other moneys of the Authority. Moneys 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":288943,"text":"All moneys in 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 moneys 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 moneys 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. Moneys in the Fund shall not be commingled with other moneys of the Authority. Moneys 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":14875,"edition_id":1,"name":"Virginia Community Flood Preparedness Fund","identifier":"1.3","label":"article","depth":4,"order_by":1,"parent_id":12894,"metadata":{},"date_created":"2026-06-26 03:50:31","date_modified":"2026-06-26 03:50:31","permalink":{"id":144373,"object_type":"structure","relational_id":14875,"identifier":"1.3","token":"10.1\/I\/6\/1.3","url":"\/10.1\/I\/6\/1.3\/","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":61922,"structure_id":14875,"section_number":"10.1-603.24","catch_line":"Definitions","url":"\/10.1-603.24\/","token":"10.1\/I\/6\/1.3\/10.1-603.24","metadata":false},{"id":65812,"structure_id":14875,"section_number":"10.1-603.25","catch_line":"Virginia Community Flood Preparedness Fund; loan and grant program","url":"\/10.1-603.25\/","token":"10.1\/I\/6\/1.3\/10.1-603.25","metadata":false},{"id":80614,"structure_id":14875,"section_number":"10.1-603.26","catch_line":"Deposit of moneys; expenditures; investments","url":"\/10.1-603.26\/","token":"10.1\/I\/6\/1.3\/10.1-603.26","metadata":false},{"id":56814,"structure_id":14875,"section_number":"10.1-603.27","catch_line":"Annual audit","url":"\/10.1-603.27\/","token":"10.1\/I\/6\/1.3\/10.1-603.27","metadata":false}],"previous_section":{"id":65812,"structure_id":14875,"section_number":"10.1-603.25","catch_line":"Virginia Community Flood Preparedness Fund; loan and grant program","url":"\/10.1-603.25\/","token":"10.1\/I\/6\/1.3\/10.1-603.25","metadata":false},"next_section":{"id":56814,"structure_id":14875,"section_number":"10.1-603.27","catch_line":"Annual audit","url":"\/10.1-603.27\/","token":"10.1\/I\/6\/1.3\/10.1-603.27","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-603.26\/","history_text":"

This law was first created in 2016. The record of its establishment is cataloged in chapter 762<\/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":144383,"object_type":"law","relational_id":80614,"identifier":"10.1-603.26","token":"10.1\/I\/6\/1.3\/10.1-603.26","url":"\/10.1-603.26\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-603.26\/","token":"10.1\/I\/6\/1.3\/10.1-603.26","dublin_core":{"Title":"Deposit of moneys; expenditures; investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-603.26","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

All moneys in 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 moneys 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 of Directors<\/span> of the Authority<\/span>. All deposits of moneys 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. Moneys in the Fund<\/span> shall not be commingled with other moneys of the Authority<\/span>. Moneys 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 MONEYS; EXPENDITURES; INVESTMENTS (\u00a7 10.1-603.26)\n\nAll moneys in the Fund shall be deposited in an account or accounts in banks or\ntrust companies organized under the laws of the Commonwealth or in national\nbanking associations located in Virginia or in savings institutions located in\nVirginia organized under the laws of the Commonwealth or the United States. The\nmoneys in these accounts shall be paid by check signed by the Executive Director\nof the Authority or other officers or employees designated by the Board of\nDirectors of the Authority. All deposits of moneys shall, if required by the\nAuthority, be secured in a manner determined by the Authority to be prudent, and\nall banks, trust companies, and savings institutions are authorized to give\nsecurity for the deposits. Moneys in the Fund shall not be commingled with other\nmoneys of the Authority. Moneys in the Fund not needed for immediate use or\ndisbursement may be invested or reinvested by the Authority in obligations or\nsecurities that are considered lawful investments for public funds under the\nlaws of the Commonwealth.\n\nHISTORY: 2016, c. 762.","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}}