{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6618.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6618.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6618.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6618.html"}],"law_id":82429,"edition_id":1,"section_id":82429,"structure_id":14386,"section_number":"15.2-6618","catch_line":"Bonds as legal investments","history":"2002, c. 766.","full_text":"Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, in their control or belonging to them. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.","order_by":null,"text":{"0":{"id":295339,"text":"Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, in their control or belonging to them. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14386,"edition_id":1,"name":"Middle Peninsula Chesapeake Bay Public Access Authority Act","identifier":"66","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:47:58","date_modified":"2026-06-26 03:47:58","permalink":{"id":160325,"object_type":"structure","relational_id":14386,"identifier":"66","token":"15.2\/IV\/66","url":"\/15.2\/IV\/66\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":55725,"structure_id":14386,"section_number":"15.2-6600","catch_line":"Title","url":"\/15.2-6600\/","token":"15.2\/IV\/66\/15.2-6600","metadata":false},{"id":86434,"structure_id":14386,"section_number":"15.2-6601","catch_line":"Creation; public purpose","url":"\/15.2-6601\/","token":"15.2\/IV\/66\/15.2-6601","metadata":false},{"id":84282,"structure_id":14386,"section_number":"15.2-6602","catch_line":"Definitions","url":"\/15.2-6602\/","token":"15.2\/IV\/66\/15.2-6602","metadata":false},{"id":69645,"structure_id":14386,"section_number":"15.2-6603","catch_line":"Participating political subdivision","url":"\/15.2-6603\/","token":"15.2\/IV\/66\/15.2-6603","metadata":false},{"id":62055,"structure_id":14386,"section_number":"15.2-6604","catch_line":"Appointment of a board of directors","url":"\/15.2-6604\/","token":"15.2\/IV\/66\/15.2-6604","metadata":false},{"id":58677,"structure_id":14386,"section_number":"15.2-6605","catch_line":"Organization","url":"\/15.2-6605\/","token":"15.2\/IV\/66\/15.2-6605","metadata":false},{"id":61988,"structure_id":14386,"section_number":"15.2-6606","catch_line":"Powers","url":"\/15.2-6606\/","token":"15.2\/IV\/66\/15.2-6606","metadata":false},{"id":80067,"structure_id":14386,"section_number":"15.2-6607","catch_line":"Name of authority","url":"\/15.2-6607\/","token":"15.2\/IV\/66\/15.2-6607","metadata":false},{"id":61937,"structure_id":14386,"section_number":"15.2-6608","catch_line":"Rules, regulations, and minimum standards","url":"\/15.2-6608\/","token":"15.2\/IV\/66\/15.2-6608","metadata":false},{"id":83847,"structure_id":14386,"section_number":"15.2-6609","catch_line":"Reports","url":"\/15.2-6609\/","token":"15.2\/IV\/66\/15.2-6609","metadata":false},{"id":62506,"structure_id":14386,"section_number":"15.2-6610","catch_line":"Procurement","url":"\/15.2-6610\/","token":"15.2\/IV\/66\/15.2-6610","metadata":false},{"id":59685,"structure_id":14386,"section_number":"15.2-6611","catch_line":"Deposit and investment of funds","url":"\/15.2-6611\/","token":"15.2\/IV\/66\/15.2-6611","metadata":false},{"id":64694,"structure_id":14386,"section_number":"15.2-6612","catch_line":"Authority to issue bonds","url":"\/15.2-6612\/","token":"15.2\/IV\/66\/15.2-6612","metadata":false},{"id":75351,"structure_id":14386,"section_number":"15.2-6613","catch_line":"Fees, rents, and charges","url":"\/15.2-6613\/","token":"15.2\/IV\/66\/15.2-6613","metadata":false},{"id":74880,"structure_id":14386,"section_number":"15.2-6614","catch_line":"Credit of Commonwealth and political subdivisions not pledged","url":"\/15.2-6614\/","token":"15.2\/IV\/66\/15.2-6614","metadata":false},{"id":82355,"structure_id":14386,"section_number":"15.2-6615","catch_line":"Directors and persons executing bonds not liable thereon","url":"\/15.2-6615\/","token":"15.2\/IV\/66\/15.2-6615","metadata":false},{"id":63568,"structure_id":14386,"section_number":"15.2-6616","catch_line":"Security for payment of bonds; default","url":"\/15.2-6616\/","token":"15.2\/IV\/66\/15.2-6616","metadata":false},{"id":70360,"structure_id":14386,"section_number":"15.2-6617","catch_line":"Taxation","url":"\/15.2-6617\/","token":"15.2\/IV\/66\/15.2-6617","metadata":false},{"id":82429,"structure_id":14386,"section_number":"15.2-6618","catch_line":"Bonds as legal investments","url":"\/15.2-6618\/","token":"15.2\/IV\/66\/15.2-6618","metadata":false},{"id":79667,"structure_id":14386,"section_number":"15.2-6619","catch_line":"Appropriation by political subdivision","url":"\/15.2-6619\/","token":"15.2\/IV\/66\/15.2-6619","metadata":false},{"id":56467,"structure_id":14386,"section_number":"15.2-6620","catch_line":"Contracts with political subdivisions","url":"\/15.2-6620\/","token":"15.2\/IV\/66\/15.2-6620","metadata":false},{"id":57742,"structure_id":14386,"section_number":"15.2-6621","catch_line":"Agreement with Commonwealth and participating political subdivisions","url":"\/15.2-6621\/","token":"15.2\/IV\/66\/15.2-6621","metadata":false},{"id":62253,"structure_id":14386,"section_number":"15.2-6622","catch_line":"Liberal construction","url":"\/15.2-6622\/","token":"15.2\/IV\/66\/15.2-6622","metadata":false},{"id":79295,"structure_id":14386,"section_number":"15.2-6623","catch_line":"Application of local ordinances, service charges, and taxes upon leaseholds","url":"\/15.2-6623\/","token":"15.2\/IV\/66\/15.2-6623","metadata":false},{"id":84950,"structure_id":14386,"section_number":"15.2-6624","catch_line":"Existing contracts, leases, franchises, etc., not impaired","url":"\/15.2-6624\/","token":"15.2\/IV\/66\/15.2-6624","metadata":false},{"id":69499,"structure_id":14386,"section_number":"15.2-6625","catch_line":"Withdrawal of membership","url":"\/15.2-6625\/","token":"15.2\/IV\/66\/15.2-6625","metadata":false}],"previous_section":{"id":70360,"structure_id":14386,"section_number":"15.2-6617","catch_line":"Taxation","url":"\/15.2-6617\/","token":"15.2\/IV\/66\/15.2-6617","metadata":false},"next_section":{"id":79667,"structure_id":14386,"section_number":"15.2-6619","catch_line":"Appropriation by political subdivision","url":"\/15.2-6619\/","token":"15.2\/IV\/66\/15.2-6619","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6618\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0766\">766<\/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":160399,"object_type":"law","relational_id":82429,"identifier":"15.2-6618","token":"15.2\/IV\/66\/15.2-6618","url":"\/15.2-6618\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6618\/","token":"15.2\/IV\/66\/15.2-6618","dublin_core":{"Title":"Bonds as legal investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6618","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p><span class=\"dictionary\">Bonds<\/span> issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, in their control or belonging to them. Such <span class=\"dictionary\">bonds<\/span> are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of <span class=\"dictionary\">bonds<\/span> or obligations is now or may hereafter be authorized by <span class=\"dictionary\">law<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBONDS AS LEGAL INVESTMENTS (\u00a7 15.2-6618)\n\nBonds issued by the Authority under the provisions of this act are hereby made\nsecurities in which all public officers and public bodies of the Commonwealth\nand its political subdivisions, all insurance companies, trust companies,\nbanking associations, investment companies, executors, administrators, trustees,\nand other fiduciaries may properly and legally invest funds, including capital,\nin their control or belonging to them. Such bonds are hereby made securities\nthat may properly and legally be deposited with and received by any state or\nmunicipal officer or any agency or political subdivision of the Commonwealth for\nany purpose for which the deposit of bonds or obligations is now or may\nhereafter be authorized by law.\n\nHISTORY: 2002, c. 766.","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}}