{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-1806.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-1806.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-1806.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-1806.html"}],"law_id":70116,"edition_id":1,"section_id":70116,"structure_id":13094,"section_number":"2.2-1806","catch_line":"Investment of current funds in state treasury; withdrawals and transfers of moneys to be invested","history":"Code 1950, \u00a7 2-154.1; 1956, c. 184; 1966, c. 677, \u00a7 2.1-185; 1981, c. 36; 2001, c. 844.","full_text":"The Governor and State Treasurer, acting jointly may whenever in their opinion there are funds in the state treasury in excess of the amount required to meet the current needs and demands of the Commonwealth, invest the excess funds in securities that are legal investments under the laws of the Commonwealth for public funds. The funds shall be invested in such of said securities as, in their judgment, will be readily convertible into money. Notwithstanding the provisions of \u00a7 2.2-1821 or any other provision relating to the withdrawal of state moneys in a state depository, withdrawals and transfers of state moneys to be so invested may be made by state depositories pursuant to oral including telephonic or electronic instructions of the State Treasurer or his duly authorized deputies. Written confirmations of the withdrawals and transfers shall be provided by the state depository no later than the close of business on the day following the withdrawal and transfer. Payment of state moneys pursuant to this procedure shall be valid against the Commonwealth.","order_by":null,"text":{"0":{"id":253190,"text":"The Governor and State Treasurer, acting jointly may whenever in their opinion there are funds in the state treasury in excess of the amount required to meet the current needs and demands of the Commonwealth, invest the excess funds in securities that are legal investments under the laws of the Commonwealth for public funds. The funds shall be invested in such of said securities as, in their judgment, will be readily convertible into money. Notwithstanding the provisions of \u00a7 2.2-1821 or any other provision relating to the withdrawal of state moneys in a state depository, withdrawals and transfers of state moneys to be so invested may be made by state depositories pursuant to oral including telephonic or electronic instructions of the State Treasurer or his duly authorized deputies. Written confirmations of the withdrawals and transfers shall be provided by the state depository no later than the close of business on the day following the withdrawal and transfer. Payment of state moneys pursuant to this procedure shall be valid against the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13094,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":5,"order_by":1,"parent_id":13093,"metadata":{},"date_created":"2026-06-26 03:44:16","date_modified":"2026-06-26 03:44:16","permalink":{"id":173143,"object_type":"structure","relational_id":13094,"identifier":"1","token":"2.2\/I\/C\/18\/1","url":"\/2.2\/I\/C\/18\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13093,"edition_id":1,"name":"Department of the Treasury","identifier":"18","label":"chapter","depth":4,"order_by":1,"parent_id":13092,"metadata":{},"date_created":"2026-06-26 03:44:16","date_modified":"2026-06-26 03:44:16","permalink":{"id":173141,"object_type":"structure","relational_id":13093,"identifier":"18","token":"2.2\/I\/C\/18","url":"\/2.2\/I\/C\/18\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13092,"edition_id":1,"name":"State Agencies Related to the General Operation of Government","identifier":"C","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:44:16","date_modified":"2026-06-26 03:44:16","permalink":{"id":172453,"object_type":"structure","relational_id":13092,"identifier":"C","token":"2.2\/I\/C","url":"\/2.2\/I\/C\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","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":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75522,"structure_id":13094,"section_number":"2.2-1800","catch_line":"Department of the Treasury; State Treasurer","url":"\/2.2-1800\/","token":"2.2\/I\/C\/18\/1\/2.2-1800","metadata":false},{"id":54137,"structure_id":13094,"section_number":"2.2-1801","catch_line":"State Treasurer to appoint administrative assistants, etc","url":"\/2.2-1801\/","token":"2.2\/I\/C\/18\/1\/2.2-1801","metadata":false},{"id":70133,"structure_id":13094,"section_number":"2.2-1802","catch_line":"Payment of state funds into state treasury; deposits in state depositories; credit of fund not paid into general fund; exceptions as to endowments and gifts to institutions; appropriations by federal government","url":"\/2.2-1802\/","token":"2.2\/I\/C\/18\/1\/2.2-1802","metadata":false},{"id":67109,"structure_id":13094,"section_number":"2.2-1803","catch_line":"State Treasurer; regulation procedures for depositing money","url":"\/2.2-1803\/","token":"2.2\/I\/C\/18\/1\/2.2-1803","metadata":false},{"id":77645,"structure_id":13094,"section_number":"2.2-1804","catch_line":"Payment by delivery of checks, etc., to State Treasurer; liability when not paid on presentation","url":"\/2.2-1804\/","token":"2.2\/I\/C\/18\/1\/2.2-1804","metadata":false},{"id":54976,"structure_id":13094,"section_number":"2.2-1805","catch_line":"Records of receipts of such checks, etc.; reports to Comptroller","url":"\/2.2-1805\/","token":"2.2\/I\/C\/18\/1\/2.2-1805","metadata":false},{"id":70116,"structure_id":13094,"section_number":"2.2-1806","catch_line":"Investment of current funds in state treasury; withdrawals and transfers of moneys to be invested","url":"\/2.2-1806\/","token":"2.2\/I\/C\/18\/1\/2.2-1806","metadata":false},{"id":59941,"structure_id":13094,"section_number":"2.2-1807","catch_line":"Investments, etc., in custody of State Treasurer","url":"\/2.2-1807\/","token":"2.2\/I\/C\/18\/1\/2.2-1807","metadata":false},{"id":78811,"structure_id":13094,"section_number":"2.2-1808","catch_line":"State Treasurer may sell securities in general fund; exceptions; disposition of proceeds","url":"\/2.2-1808\/","token":"2.2\/I\/C\/18\/1\/2.2-1808","metadata":false},{"id":80289,"structure_id":13094,"section_number":"2.2-1809","catch_line":"Warrants on state treasury to be listed and numbered","url":"\/2.2-1809\/","token":"2.2\/I\/C\/18\/1\/2.2-1809","metadata":false},{"id":86572,"structure_id":13094,"section_number":"2.2-1810","catch_line":"State Treasurer to keep accounts with depositories","url":"\/2.2-1810\/","token":"2.2\/I\/C\/18\/1\/2.2-1810","metadata":false},{"id":70947,"structure_id":13094,"section_number":"2.2-1811","catch_line":"Unpresented checks drawn by State Treasurer; replacement and payment","url":"\/2.2-1811\/","token":"2.2\/I\/C\/18\/1\/2.2-1811","metadata":false},{"id":73571,"structure_id":13094,"section_number":"2.2-1812","catch_line":"Admissibility of reproductions of checks in evidence; compliance with subpoena","url":"\/2.2-1812\/","token":"2.2\/I\/C\/18\/1\/2.2-1812","metadata":false}],"previous_section":{"id":54976,"structure_id":13094,"section_number":"2.2-1805","catch_line":"Records of receipts of such checks, etc.; reports to Comptroller","url":"\/2.2-1805\/","token":"2.2\/I\/C\/18\/1\/2.2-1805","metadata":false},"next_section":{"id":59941,"structure_id":13094,"section_number":"2.2-1807","catch_line":"Investments, etc., in custody of State Treasurer","url":"\/2.2-1807\/","token":"2.2\/I\/C\/18\/1\/2.2-1807","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-1806\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 184; in 1966, chapter 677; in 1981, chapter 36; in 2001, chapter 844<\/a>.<\/p>","references":[{"id":57846,"section_number":"2.2-1835","catch_line":"State Insurance Reserve Trust Fund","order_by":null,"url":"\/2.2-1835\/"},{"id":62419,"section_number":"2.2-1836","catch_line":"Insurance plan for state-owned buildings and state-owned contents of buildings","order_by":null,"url":"\/2.2-1836\/"},{"id":64674,"section_number":"2.2-1837","catch_line":"Risk management plan for public liability","order_by":null,"url":"\/2.2-1837\/"},{"id":87055,"section_number":"2.2-1838","catch_line":"Insurance of state motor vehicles","order_by":null,"url":"\/2.2-1838\/"},{"id":67299,"section_number":"2.2-1839","catch_line":"Risk management plans administered by the Department of the Treasury's Risk Management Division for political subdivisions, constitutional officers, etc","order_by":null,"url":"\/2.2-1839\/"},{"id":76045,"section_number":"2.2-2821","catch_line":"Workers' compensation insurance plan for state employees trust fund for payment of claims","order_by":null,"url":"\/2.2-2821\/"},{"id":54474,"section_number":"33.2-1529","catch_line":"Toll Facilities Revolving Account","order_by":null,"url":"\/33.2-1529\/"}],"refers_to":[{"id":85624,"section_number":"2.2-1821","catch_line":"Deposits to be to credit of State Treasurer; how money withdrawn","order_by":null,"url":"\/2.2-1821\/"}],"permalink":{"id":173169,"object_type":"law","relational_id":70116,"identifier":"2.2-1806","token":"2.2\/I\/C\/18\/1\/2.2-1806","url":"\/2.2-1806\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-1806\/","token":"2.2\/I\/C\/18\/1\/2.2-1806","dublin_core":{"Title":"Investment of current funds in state treasury; withdrawals and transfers of moneys to be invested","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-1806","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Governor and State Treasurer, acting jointly may whenever in their opinion<\/span> there are funds in the state treasury in excess of the amount required to meet the current needs and demands of the Commonwealth, invest the excess funds in securities that are legal investments under the laws<\/span> of the Commonwealth for public funds. The funds shall be invested in such of said securities as, in their judgment<\/span>, will be readily convertible into money. Notwithstanding the provisions of \u00a7 2.2-1821<\/a> or any other provision relating to the withdrawal of state moneys in a state depository, withdrawals and transfers of state moneys to be so invested may be made by state depositories pursuant to oral including telephonic or electronic instructions of the State Treasurer or his duly authorized deputies. Written confirmations of the withdrawals and transfers shall be provided by the state depository no later than the close of business on the day following the withdrawal and transfer. Payment of state moneys pursuant to this procedure shall be valid against the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINVESTMENT OF CURRENT FUNDS IN STATE TREASURY; WITHDRAWALS AND TRANSFERS OF\nMONEYS TO BE INVESTED (\u00a7 2.2-1806)\n\nThe Governor and State Treasurer, acting jointly may whenever in their opinion\nthere are funds in the state treasury in excess of the amount required to meet\nthe current needs and demands of the Commonwealth, invest the excess funds in\nsecurities that are legal investments under the laws of the Commonwealth for\npublic funds. The funds shall be invested in such of said securities as, in\ntheir judgment, will be readily convertible into money. Notwithstanding the\nprovisions of \u00a7 2.2-1821 or any other provision relating to the withdrawal of\nstate moneys in a state depository, withdrawals and transfers of state moneys to\nbe so invested may be made by state depositories pursuant to oral including\ntelephonic or electronic instructions of the State Treasurer or his duly\nauthorized deputies. Written confirmations of the withdrawals and transfers\nshall be provided by the state depository no later than the close of business on\nthe day following the withdrawal and transfer. Payment of state moneys pursuant\nto this procedure shall be valid against the Commonwealth.\n\nHISTORY: Code 1950, \u00a7 2-154.1; 1956, c. 184; 1966, c. 677, \u00a7 2.1-185; 1981, c.\n36; 2001, c. 844.","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}}