{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-4604.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-4604.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-4604.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-4604.html"}],"law_id":73232,"edition_id":1,"section_id":73232,"structure_id":14263,"section_number":"2.2-4604","catch_line":"Interfund pooling for investment purposes","history":"1980, c. 538, \u00a7 2.1-234.6; 1981, c. 583; 2001, c. 844.","full_text":"Local officials handling public funds may effect temporary transfers among separate funds for the purpose of pooling amounts available for investment. This pooling may be accomplished through interfund advances and other appropriate means consistent with recognized principles of governmental accounting provided that (i) moneys are available for the investment period required; (ii) the investment fund can repay the advance by the time needed; (iii) the transactions are fully and promptly recorded; and (iv) the interest earned is credited to the loaning or advancing jurisdiction.","order_by":null,"text":{"0":{"id":263609,"text":"Local officials handling public funds may effect temporary transfers among separate funds for the purpose of pooling amounts available for investment. This pooling may be accomplished through interfund advances and other appropriate means consistent with recognized principles of governmental accounting provided that (i) moneys are available for the investment period required; (ii) the investment fund can repay the advance by the time needed; (iii) the transactions are fully and promptly recorded; and (iv) the interest earned is credited to the loaning or advancing jurisdiction.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14263,"edition_id":1,"name":"Local Government Investment Pool Act","identifier":"46","label":"chapter","depth":4,"order_by":1,"parent_id":12751,"metadata":{},"date_created":"2026-06-26 03:47:31","date_modified":"2026-06-26 03:47:31","permalink":{"id":177591,"object_type":"structure","relational_id":14263,"identifier":"46","token":"2.2\/II\/B\/46","url":"\/2.2\/II\/B\/46\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12751,"edition_id":1,"name":"Transaction of Public Business","identifier":"B","label":"part","depth":3,"order_by":1,"parent_id":12750,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176445,"object_type":"structure","relational_id":12751,"identifier":"B","token":"2.2\/II\/B","url":"\/2.2\/II\/B\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12750,"edition_id":1,"name":"Administration of State Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176253,"object_type":"structure","relational_id":12750,"identifier":"II","token":"2.2\/II","url":"\/2.2\/II\/","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":55511,"structure_id":14263,"section_number":"2.2-4600","catch_line":"Short title; definitions","url":"\/2.2-4600\/","token":"2.2\/II\/B\/46\/2.2-4600","metadata":false},{"id":62726,"structure_id":14263,"section_number":"2.2-4601","catch_line":"Findings and purpose","url":"\/2.2-4601\/","token":"2.2\/II\/B\/46\/2.2-4601","metadata":false},{"id":76390,"structure_id":14263,"section_number":"2.2-4602","catch_line":"Local government investment pool created","url":"\/2.2-4602\/","token":"2.2\/II\/B\/46\/2.2-4602","metadata":false},{"id":85480,"structure_id":14263,"section_number":"2.2-4603","catch_line":"Investment authority","url":"\/2.2-4603\/","token":"2.2\/II\/B\/46\/2.2-4603","metadata":false},{"id":73232,"structure_id":14263,"section_number":"2.2-4604","catch_line":"Interfund pooling for investment purposes","url":"\/2.2-4604\/","token":"2.2\/II\/B\/46\/2.2-4604","metadata":false},{"id":72238,"structure_id":14263,"section_number":"2.2-4605","catch_line":"Powers of Treasury Board relating to the administration of local government investment pool","url":"\/2.2-4605\/","token":"2.2\/II\/B\/46\/2.2-4605","metadata":false},{"id":70016,"structure_id":14263,"section_number":"2.2-4606","catch_line":"Chapter controlling over inconsistent laws; powers supplemental","url":"\/2.2-4606\/","token":"2.2\/II\/B\/46\/2.2-4606","metadata":false}],"previous_section":{"id":85480,"structure_id":14263,"section_number":"2.2-4603","catch_line":"Investment authority","url":"\/2.2-4603\/","token":"2.2\/II\/B\/46\/2.2-4603","metadata":false},"next_section":{"id":72238,"structure_id":14263,"section_number":"2.2-4605","catch_line":"Powers of Treasury Board relating to the administration of local government investment pool","url":"\/2.2-4605\/","token":"2.2\/II\/B\/46\/2.2-4605","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-4604\/","history_text":"

This law was first created in 1980. The record of its establishment is cataloged in chapter 538 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. Unfortunately, the 1980 \u201cActs\u201d aren\u2019t available online. It has been modified 2 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 1981, chapter 583; in 2001, chapter 844<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":177609,"object_type":"law","relational_id":73232,"identifier":"2.2-4604","token":"2.2\/II\/B\/46\/2.2-4604","url":"\/2.2-4604\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-4604\/","token":"2.2\/II\/B\/46\/2.2-4604","dublin_core":{"Title":"Interfund pooling for investment purposes","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-4604","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Local officials handling public funds may effect temporary transfers among separate funds for the purpose of pooling amounts available for investment. This pooling may be accomplished through interfund advances and other appropriate means consistent with recognized principles of governmental accounting provided that (i) moneys are available for the investment period required; (ii) the investment fund can repay the advance by the time needed; (iii) the transactions are fully and promptly recorded; and (iv) the interest earned is credited to the loaning or advancing jurisdiction<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINTERFUND POOLING FOR INVESTMENT PURPOSES (\u00a7 2.2-4604)\n\nLocal officials handling public funds may effect temporary transfers among\nseparate funds for the purpose of pooling amounts available for investment. This\npooling may be accomplished through interfund advances and other appropriate\nmeans consistent with recognized principles of governmental accounting provided\nthat (i) moneys are available for the investment period required; (ii) the\ninvestment fund can repay the advance by the time needed; (iii) the transactions\nare fully and promptly recorded; and (iv) the interest earned is credited to the\nloaning or advancing jurisdiction.\n\nHISTORY: 1980, c. 538, \u00a7 2.1-234.6; 1981, c. 583; 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}}