{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-4701.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-4701.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-4701.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-4701.html"}],"law_id":66301,"edition_id":1,"section_id":66301,"structure_id":16285,"section_number":"2.2-4701","catch_line":"Definitions","history":"1988, c. 498, \u00a7 2.1-234.9:2; 1990, c. 516; 1991, c. 245; 1996, c. 77; 2001, c. 844.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Bonds” means bonds or other obligations issued by the Commonwealth, by counties, cities and towns, and by their agencies, institutions, and authorities or by any combination of the foregoing under the provisions of the Public Finance Act (\u00a7 15.2-2600 et seq.), or otherwise, the interest on which is intended to be excludable from the gross income of the recipients thereof for federal income tax purposes.\n\t\t“Depository institution” means any commercial bank, trust company, or savings institution insured by an agency or instrumentality of the United States government.\n\t\t“Issuers” means the Commonwealth, counties, cities and towns in the Commonwealth, and their agencies, institutions, and authorities.\n\t\t“Official handling public funds” or “official” means the treasurer of the issuer or, if there is no officer known as treasurer of the issuer, the chief financial officer of the issuer, and any person or entity described in \u00a7 58.1-3123.","order_by":null,"text":{"0":{"id":240770,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Bonds” means bonds or other obligations issued by the Commonwealth, by counties, cities and towns, and by their agencies, institutions, and authorities or by any combination of the foregoing under the provisions of the Public Finance Act (\u00a7 15.2-2600 et seq.), or otherwise, the interest on which is intended to be excludable from the gross income of the recipients thereof for federal income tax purposes.\n\t\t“Depository institution” means any commercial bank, trust company, or savings institution insured by an agency or instrumentality of the United States government.\n\t\t“Issuers” means the Commonwealth, counties, cities and towns in the Commonwealth, and their agencies, institutions, and authorities.\n\t\t“Official handling public funds” or “official” means the treasurer of the issuer or, if there is no officer known as treasurer of the issuer, the chief financial officer of the issuer, and any person or entity described in \u00a7 58.1-3123.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16285,"edition_id":1,"name":"Government Non-Arbitrage Investment Act","identifier":"47","label":"chapter","depth":4,"order_by":1,"parent_id":12751,"metadata":{},"date_created":"2026-06-26 04:12:32","date_modified":"2026-06-26 04:12:32","permalink":{"id":177621,"object_type":"structure","relational_id":16285,"identifier":"47","token":"2.2\/II\/B\/47","url":"\/2.2\/II\/B\/47\/","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":84323,"structure_id":16285,"section_number":"2.2-4700","catch_line":"Authorization to Treasury Board to provide certain assistance","url":"\/2.2-4700\/","token":"2.2\/II\/B\/47\/2.2-4700","metadata":false},{"id":66301,"structure_id":16285,"section_number":"2.2-4701","catch_line":"Definitions","url":"\/2.2-4701\/","token":"2.2\/II\/B\/47\/2.2-4701","metadata":false},{"id":66158,"structure_id":16285,"section_number":"2.2-4702","catch_line":"Powers of the Treasury Board under this chapter","url":"\/2.2-4702\/","token":"2.2\/II\/B\/47\/2.2-4702","metadata":false},{"id":68922,"structure_id":16285,"section_number":"2.2-4703","catch_line":"Powers of issuers","url":"\/2.2-4703\/","token":"2.2\/II\/B\/47\/2.2-4703","metadata":false},{"id":85816,"structure_id":16285,"section_number":"2.2-4704","catch_line":"Alternative method","url":"\/2.2-4704\/","token":"2.2\/II\/B\/47\/2.2-4704","metadata":false},{"id":82380,"structure_id":16285,"section_number":"2.2-4705","catch_line":"Liberal construction; inconsistent laws inapplicable","url":"\/2.2-4705\/","token":"2.2\/II\/B\/47\/2.2-4705","metadata":false}],"previous_section":{"id":84323,"structure_id":16285,"section_number":"2.2-4700","catch_line":"Authorization to Treasury Board to provide certain assistance","url":"\/2.2-4700\/","token":"2.2\/II\/B\/47\/2.2-4700","metadata":false},"next_section":{"id":66158,"structure_id":16285,"section_number":"2.2-4702","catch_line":"Powers of the Treasury Board under this chapter","url":"\/2.2-4702\/","token":"2.2\/II\/B\/47\/2.2-4702","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-4701\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 498 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 1988 \u201cActs\u201d aren\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 1990, chapter 516; in 1991, chapter 245; in 1996, chapter 77<\/a>; in 2001, chapter 844<\/a>.<\/p>","references":[{"id":55679,"section_number":"5.1-88.2","catch_line":"What constitutes proof of financial responsibility","order_by":null,"url":"\/5.1-88.2\/"}],"refers_to":[{"id":82731,"section_number":"15.2-2600","catch_line":"Short title","order_by":null,"url":"\/15.2-2600\/"},{"id":57925,"section_number":"58.1-3123","catch_line":"Interpretation of \"treasurer.\"","order_by":null,"url":"\/58.1-3123\/"}],"permalink":{"id":177627,"object_type":"law","relational_id":66301,"identifier":"2.2-4701","token":"2.2\/II\/B\/47\/2.2-4701","url":"\/2.2-4701\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-4701\/","token":"2.2\/II\/B\/47\/2.2-4701","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-4701","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Bonds<\/span><\/span>” means bonds<\/span><\/span> or other obligations issued by the Commonwealth, by counties, cities and towns, and by their agencies, institutions, and authorities or by any combination of the foregoing under the provisions of the Public Finance Act (\u00a7 15.2-2600<\/a> et seq.), or otherwise, the interest on which is intended to be excludable from the gross income of the recipients thereof for federal income tax purposes.\n\t\t“Depository institution<\/span>” means any commercial bank, trust company, or savings institution insured by an agency or instrumentality of the United States government.\n\t\t“Issuers<\/span>” means the Commonwealth, counties, cities and towns in the Commonwealth, and their agencies, institutions, and authorities.\n\t\t“Official handling public funds<\/span>” or “official” means the treasurer of the issuer or, if there is no officer known as treasurer of the issuer, the chief financial officer of the issuer, and any person or entity described in \u00a7 58.1-3123<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 2.2-4701)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Bonds” means bonds or other obligations issued by the\nCommonwealth, by counties, cities and towns, and by their agencies,\ninstitutions, and authorities or by any combination of the foregoing under the\nprovisions of the Public Finance Act (\u00a7 15.2-2600 et seq.), or otherwise, the\ninterest on which is intended to be excludable from the gross income of the\nrecipients thereof for federal income tax purposes.\n\t\t“Depository institution” means any commercial bank, trust company,\nor savings institution insured by an agency or instrumentality of the United\nStates government.\n\t\t“Issuers” means the Commonwealth, counties, cities and towns in\nthe Commonwealth, and their agencies, institutions, and authorities.\n\t\t“Official handling public funds” or “official” means\nthe treasurer of the issuer or, if there is no officer known as treasurer of the\nissuer, the chief financial officer of the issuer, and any person or entity\ndescribed in \u00a7 58.1-3123.\n\nHISTORY: 1988, c. 498, \u00a7 2.1-234.9:2; 1990, c. 516; 1991, c. 245; 1996, c. 77;\n2001, 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}}