{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-2423.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-2423.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-2423.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-2423.html"}],"law_id":83360,"edition_id":1,"section_id":83360,"structure_id":13799,"section_number":"23.1-2423","catch_line":"Bonds to be legal investments","history":"1996, cc. 905, 1046, \u00a7 23-50.16:30; 2016, c. 588.","full_text":"Bonds issued by the Authority under the provisions of this chapter are securities (i) in which all public officers and public bodies of the Commonwealth and its political subdivisions, 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 and (ii) that may properly and legally be deposited with and received by any state officer or officer of a locality or agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is authorized by law.","order_by":null,"text":{"0":{"id":298678,"text":"Bonds issued by the Authority under the provisions of this chapter are securities (i) in which all public officers and public bodies of the Commonwealth and its political subdivisions, 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 and (ii) that may properly and legally be deposited with and received by any state officer or officer of a locality or agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is authorized by law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13799,"edition_id":1,"name":"Virginia Commonwealth University Health System Authority","identifier":"24","label":"chapter","depth":3,"order_by":1,"parent_id":13798,"metadata":{},"date_created":"2026-06-26 03:45:54","date_modified":"2026-06-26 03:45:54","permalink":{"id":186325,"object_type":"structure","relational_id":13799,"identifier":"24","token":"23.1\/IV\/24","url":"\/23.1\/IV\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13798,"edition_id":1,"name":"Public Institutions of Higher Education","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:45:54","date_modified":"2026-06-26 03:45:54","permalink":{"id":185925,"object_type":"structure","relational_id":13798,"identifier":"IV","token":"23.1\/IV","url":"\/23.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; 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reversion to University","url":"\/23.1-2428\/","token":"23.1\/IV\/24\/23.1-2428","metadata":false}],"previous_section":{"id":62976,"structure_id":13799,"section_number":"23.1-2422","catch_line":"Remedies of obligees of Authority","url":"\/23.1-2422\/","token":"23.1\/IV\/24\/23.1-2422","metadata":false},"next_section":{"id":82595,"structure_id":13799,"section_number":"23.1-2424","catch_line":"Existing bonds","url":"\/23.1-2424\/","token":"23.1\/IV\/24\/23.1-2424","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-2423\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapters 905<\/a> and 1046<\/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. It has been modified 1 time. 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. That modification is as follows: in 2016, chapter 588<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":186419,"object_type":"law","relational_id":83360,"identifier":"23.1-2423","token":"23.1\/IV\/24\/23.1-2423","url":"\/23.1-2423\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-2423\/","token":"23.1\/IV\/24\/23.1-2423","dublin_core":{"Title":"Bonds to be legal investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-2423","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Bonds<\/span><\/span> issued by the Authority<\/span> under the provisions of this chapter are securities (i) in which all public officers and public bodies of the Commonwealth and its political subdivisions, 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 and (ii) that may properly and legally be deposited with and received by any state officer or officer of a locality or agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds<\/span><\/span> or obligations is authorized by law<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBONDS TO BE LEGAL INVESTMENTS (\u00a7 23.1-2423)\n\nBonds issued by the Authority under the provisions of this chapter are\nsecurities (i) in which all public officers and public bodies of the\nCommonwealth and its political subdivisions, insurance companies, trust\ncompanies, banking associations, investment companies, executors,\nadministrators, trustees, and other fiduciaries may properly and legally invest\nfunds, including capital in their control or belonging to them and (ii) that may\nproperly and legally be deposited with and received by any state officer or\nofficer of a locality or agency or political subdivision of the Commonwealth for\nany purpose for which the deposit of bonds or obligations is authorized by law.\n\nHISTORY: 1996, cc. 905, 1046, \u00a7 23-50.16:30; 2016, c. 588.","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}}