{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-7218.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-7218.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-7218.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-7218.html"}],"law_id":60677,"edition_id":1,"section_id":60677,"structure_id":14681,"section_number":"15.2-7218","catch_line":"Bonds as legal investments","history":"2010, cc. 117, 210.","full_text":"All bonds issued under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, under 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":221821,"text":"All bonds issued under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, under 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":14681,"edition_id":1,"name":"Bvu Authority Act","identifier":"72","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:49:18","date_modified":"2026-06-26 03:49:18","permalink":{"id":160609,"object_type":"structure","relational_id":14681,"identifier":"72","token":"15.2\/IV\/72","url":"\/15.2\/IV\/72\/","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":70201,"structure_id":14681,"section_number":"15.2-7200","catch_line":"Short title","url":"\/15.2-7200\/","token":"15.2\/IV\/72\/15.2-7200","metadata":false},{"id":72489,"structure_id":14681,"section_number":"15.2-7201","catch_line":"Creation; public purpose","url":"\/15.2-7201\/","token":"15.2\/IV\/72\/15.2-7201","metadata":false},{"id":61515,"structure_id":14681,"section_number":"15.2-7202","catch_line":"Definitions","url":"\/15.2-7202\/","token":"15.2\/IV\/72\/15.2-7202","metadata":false},{"id":73639,"structure_id":14681,"section_number":"15.2-7203","catch_line":"BVU Authority; operating name or names","url":"\/15.2-7203\/","token":"15.2\/IV\/72\/15.2-7203","metadata":false},{"id":65200,"structure_id":14681,"section_number":"15.2-7204","catch_line":"Divisions","url":"\/15.2-7204\/","token":"15.2\/IV\/72\/15.2-7204","metadata":false},{"id":64561,"structure_id":14681,"section_number":"15.2-7205","catch_line":"Board of Directors; membership","url":"\/15.2-7205\/","token":"15.2\/IV\/72\/15.2-7205","metadata":false},{"id":64567,"structure_id":14681,"section_number":"15.2-7206","catch_line":"Organization; compensation","url":"\/15.2-7206\/","token":"15.2\/IV\/72\/15.2-7206","metadata":false},{"id":62252,"structure_id":14681,"section_number":"15.2-7207","catch_line":"Powers generally","url":"\/15.2-7207\/","token":"15.2\/IV\/72\/15.2-7207","metadata":false},{"id":56948,"structure_id":14681,"section_number":"15.2-7208","catch_line":"Powers","url":"\/15.2-7208\/","token":"15.2\/IV\/72\/15.2-7208","metadata":false},{"id":86955,"structure_id":14681,"section_number":"15.2-7209","catch_line":"Authority deemed to be an MLEC","url":"\/15.2-7209\/","token":"15.2\/IV\/72\/15.2-7209","metadata":false},{"id":79237,"structure_id":14681,"section_number":"15.2-7210","catch_line":"Transfer of properties and debt","url":"\/15.2-7210\/","token":"15.2\/IV\/72\/15.2-7210","metadata":false},{"id":71108,"structure_id":14681,"section_number":"15.2-7211","catch_line":"Reports","url":"\/15.2-7211\/","token":"15.2\/IV\/72\/15.2-7211","metadata":false},{"id":66186,"structure_id":14681,"section_number":"15.2-7212","catch_line":"Procurement","url":"\/15.2-7212\/","token":"15.2\/IV\/72\/15.2-7212","metadata":false},{"id":56303,"structure_id":14681,"section_number":"15.2-7213","catch_line":"Deposit and investment of funds","url":"\/15.2-7213\/","token":"15.2\/IV\/72\/15.2-7213","metadata":false},{"id":85418,"structure_id":14681,"section_number":"15.2-7214","catch_line":"Authority to issue bonds","url":"\/15.2-7214\/","token":"15.2\/IV\/72\/15.2-7214","metadata":false},{"id":80847,"structure_id":14681,"section_number":"15.2-7215","catch_line":"Credit of Commonwealth and political subdivisions not pledged","url":"\/15.2-7215\/","token":"15.2\/IV\/72\/15.2-7215","metadata":false},{"id":60887,"structure_id":14681,"section_number":"15.2-7216","catch_line":"Directors and persons executing bonds not liable thereon","url":"\/15.2-7216\/","token":"15.2\/IV\/72\/15.2-7216","metadata":false},{"id":56980,"structure_id":14681,"section_number":"15.2-7217","catch_line":"Security for payment of bonds; default","url":"\/15.2-7217\/","token":"15.2\/IV\/72\/15.2-7217","metadata":false},{"id":60677,"structure_id":14681,"section_number":"15.2-7218","catch_line":"Bonds as legal investments","url":"\/15.2-7218\/","token":"15.2\/IV\/72\/15.2-7218","metadata":false},{"id":79805,"structure_id":14681,"section_number":"15.2-7219","catch_line":"Contracts concerning interest rates and investments","url":"\/15.2-7219\/","token":"15.2\/IV\/72\/15.2-7219","metadata":false},{"id":69914,"structure_id":14681,"section_number":"15.2-7220","catch_line":"Taxation","url":"\/15.2-7220\/","token":"15.2\/IV\/72\/15.2-7220","metadata":false},{"id":57303,"structure_id":14681,"section_number":"15.2-7221","catch_line":"Sovereign immunity","url":"\/15.2-7221\/","token":"15.2\/IV\/72\/15.2-7221","metadata":false},{"id":57090,"structure_id":14681,"section_number":"15.2-7222","catch_line":"Appropriation by political subdivision","url":"\/15.2-7222\/","token":"15.2\/IV\/72\/15.2-7222","metadata":false},{"id":66292,"structure_id":14681,"section_number":"15.2-7223","catch_line":"Contracts with political subdivisions","url":"\/15.2-7223\/","token":"15.2\/IV\/72\/15.2-7223","metadata":false},{"id":74807,"structure_id":14681,"section_number":"15.2-7224","catch_line":"Application of local ordinances, service charges, and taxes upon leaseholds","url":"\/15.2-7224\/","token":"15.2\/IV\/72\/15.2-7224","metadata":false},{"id":75879,"structure_id":14681,"section_number":"15.2-7225","catch_line":"Existing contracts, leases, franchises, etc., not impaired","url":"\/15.2-7225\/","token":"15.2\/IV\/72\/15.2-7225","metadata":false},{"id":84795,"structure_id":14681,"section_number":"15.2-7226","catch_line":"Liberal construction","url":"\/15.2-7226\/","token":"15.2\/IV\/72\/15.2-7226","metadata":false}],"previous_section":{"id":56980,"structure_id":14681,"section_number":"15.2-7217","catch_line":"Security for payment of bonds; default","url":"\/15.2-7217\/","token":"15.2\/IV\/72\/15.2-7217","metadata":false},"next_section":{"id":79805,"structure_id":14681,"section_number":"15.2-7219","catch_line":"Contracts concerning interest rates and investments","url":"\/15.2-7219\/","token":"15.2\/IV\/72\/15.2-7219","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-7218\/","history_text":"<p>This law was first created in 2010. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0117\">117<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0210\">210<\/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":160683,"object_type":"law","relational_id":60677,"identifier":"15.2-7218","token":"15.2\/IV\/72\/15.2-7218","url":"\/15.2-7218\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-7218\/","token":"15.2\/IV\/72\/15.2-7218","dublin_core":{"Title":"Bonds as legal investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-7218","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>All <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> issued under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the <span class=\"dictionary\">Commonwealth<\/span> and its political subdivisions and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, under their control or belonging to them. Such <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/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 <span class=\"dictionary\">Commonwealth<\/span> for any purpose for which the deposit of <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/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 15.2-7218)\n\nAll bonds issued under the provisions of this chapter are hereby made securities\nin which all public officers and public bodies of the Commonwealth and its\npolitical subdivisions and all insurance companies, trust companies, banking\nassociations, investment companies, executors, administrators, trustees, and\nother fiduciaries may properly and legally invest funds, including capital,\nunder 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: 2010, cc. 117, 210.","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}}