{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/3.2-3114.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/3.2-3114.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/3.2-3114.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/3.2-3114.html"}],"law_id":74657,"edition_id":1,"section_id":74657,"structure_id":16462,"section_number":"3.2-3114","catch_line":"Deposit of money; expenditures; investments","history":"2015, cc. 399, 433.","full_text":"A\n\nAll money belonging to the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations located in the Commonwealth, or savings institutions located in the Commonwealth and organized under the laws of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the Authority or another officer or employee designated by the Board of Directors of the Authority. All deposits of money shall, if required by the Authority, be secured in a manner determined by the Authority to be prudent, and all banks, trust companies, and savings institutions are authorized to give security for the deposits.B\n\nMoney in the Fund shall not be commingled with other money of the Authority. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the Authority in obligations or securities that are considered lawful investments for public funds under the laws of the Commonwealth, including the Local Government Investment Pool Act (§ 2.2-4600 et seq.).","order_by":null,"text":{"0":{"id":268310,"text":"All money belonging to the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations located in the Commonwealth, or savings institutions located in the Commonwealth and organized under the laws of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the Authority or another officer or employee designated by the Board of Directors of the Authority. All deposits of money shall, if required by the Authority, be secured in a manner determined by the Authority to be prudent, and all banks, trust companies, and savings institutions are authorized to give security for the deposits.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":268311,"text":"Money in the Fund shall not be commingled with other money of the Authority. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the Authority in obligations or securities that are considered lawful investments for public funds under the laws of the Commonwealth, including the Local Government Investment Pool Act (§ 2.2-4600 et seq.).","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":16462,"edition_id":1,"name":"Virginia Tobacco Region Revolving Fund","identifier":"31.1","label":"chapter","depth":4,"order_by":1,"parent_id":15735,"metadata":{},"date_created":"2026-06-26 04:19:20","date_modified":"2026-06-26 04:19:20","permalink":{"id":195401,"object_type":"structure","relational_id":16462,"identifier":"31.1","token":"3.2\/II\/D\/31.1","url":"\/3.2\/II\/D\/31.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":15735,"edition_id":1,"name":"Tobacco Region Revitalization Commission and Virginia Tobacco Region Revolving Fund","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12794,"metadata":{},"date_created":"2026-06-26 03:58:43","date_modified":"2026-06-26 03:58:43","permalink":{"id":195349,"object_type":"structure","relational_id":15735,"identifier":"D","token":"3.2\/II\/D","url":"\/3.2\/II\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12794,"edition_id":1,"name":"Boards, Councils, Foundations, and Commissions","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12793,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":194359,"object_type":"structure","relational_id":12794,"identifier":"II","token":"3.2\/II","url":"\/3.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12793,"edition_id":1,"name":"Agriculture, Animal Care, and Food","identifier":"3.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":193939,"object_type":"structure","relational_id":12793,"identifier":"3.2","token":"3.2","url":"\/3.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83812,"structure_id":16462,"section_number":"3.2-3112","catch_line":"Definitions","url":"\/3.2-3112\/","token":"3.2\/II\/D\/31.1\/3.2-3112","metadata":false},{"id":86571,"structure_id":16462,"section_number":"3.2-3113","catch_line":"Creation and management of Virginia Tobacco Region Revolving Fund","url":"\/3.2-3113\/","token":"3.2\/II\/D\/31.1\/3.2-3113","metadata":false},{"id":74657,"structure_id":16462,"section_number":"3.2-3114","catch_line":"Deposit of money; expenditures; investments","url":"\/3.2-3114\/","token":"3.2\/II\/D\/31.1\/3.2-3114","metadata":false},{"id":80558,"structure_id":16462,"section_number":"3.2-3115","catch_line":"Collection of money due the Fund","url":"\/3.2-3115\/","token":"3.2\/II\/D\/31.1\/3.2-3115","metadata":false},{"id":86690,"structure_id":16462,"section_number":"3.2-3116","catch_line":"Loans to local governments","url":"\/3.2-3116\/","token":"3.2\/II\/D\/31.1\/3.2-3116","metadata":false},{"id":80920,"structure_id":16462,"section_number":"3.2-3117","catch_line":"Pledge of loans to secure bonds of the Authority","url":"\/3.2-3117\/","token":"3.2\/II\/D\/31.1\/3.2-3117","metadata":false},{"id":75156,"structure_id":16462,"section_number":"3.2-3118","catch_line":"Sale of loans","url":"\/3.2-3118\/","token":"3.2\/II\/D\/31.1\/3.2-3118","metadata":false},{"id":69065,"structure_id":16462,"section_number":"3.2-3119","catch_line":"Powers of the Authority","url":"\/3.2-3119\/","token":"3.2\/II\/D\/31.1\/3.2-3119","metadata":false},{"id":71825,"structure_id":16462,"section_number":"3.2-3120","catch_line":"Report to the General Assembly and the Governor","url":"\/3.2-3120\/","token":"3.2\/II\/D\/31.1\/3.2-3120","metadata":false},{"id":86665,"structure_id":16462,"section_number":"3.2-3121","catch_line":"Liberal construction of chapter","url":"\/3.2-3121\/","token":"3.2\/II\/D\/31.1\/3.2-3121","metadata":false}],"previous_section":{"id":86571,"structure_id":16462,"section_number":"3.2-3113","catch_line":"Creation and management of Virginia Tobacco Region Revolving Fund","url":"\/3.2-3113\/","token":"3.2\/II\/D\/31.1\/3.2-3113","metadata":false},"next_section":{"id":80558,"structure_id":16462,"section_number":"3.2-3115","catch_line":"Collection of money due the Fund","url":"\/3.2-3115\/","token":"3.2\/II\/D\/31.1\/3.2-3115","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/3.2-3114\/","history_text":"

This law was first created in 2015. The record of its establishment is cataloged in chapters 399<\/a> and 433<\/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":[{"id":55511,"section_number":"2.2-4600","catch_line":"Short title; definitions","order_by":null,"url":"\/2.2-4600\/"}],"permalink":{"id":195411,"object_type":"law","relational_id":74657,"identifier":"3.2-3114","token":"3.2\/II\/D\/31.1\/3.2-3114","url":"\/3.2-3114\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/3.2-3114\/","token":"3.2\/II\/D\/31.1\/3.2-3114","dublin_core":{"Title":"Deposit of money; expenditures; investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 3.2-3114","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> All money belonging to the Fund<\/span> shall be deposited in an account or accounts in banks or trust companies organized under the laws<\/span> of the Commonwealth, national banking associations located in the Commonwealth, or savings institutions located in the Commonwealth and organized under the laws<\/span> of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the Authority<\/span> or another officer or employee designated by the Board<\/span> of Directors of the Authority<\/span>. All deposits of money shall, if required by the Authority<\/span>, be secured in a manner determined by the Authority<\/span> to be prudent, and all banks, trust companies, and savings institutions are authorized to give security for the deposits. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Money in the Fund<\/span> shall not be commingled with other money of the Authority<\/span>. Money in the Fund<\/span> not needed for immediate use or disbursement may be invested or reinvested by the Authority<\/span> in obligations or securities that are considered lawful investments for public funds<\/span> under the laws<\/span> of the Commonwealth, including the Local Government<\/span> Investment Pool Act (§ 2.2-4600<\/a> et seq.). <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEPOSIT OF MONEY; EXPENDITURES; INVESTMENTS (\u00a7 3.2-3114)\n\nA. All money belonging to the Fund shall be deposited in an account or accounts\nin banks or trust companies organized under the laws of the Commonwealth,\nnational banking associations located in the Commonwealth, or savings\ninstitutions located in the Commonwealth and organized under the laws of the\nCommonwealth or the United States. The money in these accounts shall be paid by\ncheck signed by the Executive Director of the Authority or another officer or\nemployee designated by the Board of Directors of the Authority. All deposits of\nmoney shall, if required by the Authority, be secured in a manner determined by\nthe Authority to be prudent, and all banks, trust companies, and savings\ninstitutions are authorized to give security for the deposits.\n\nB. Money in the Fund shall not be commingled with other money of the Authority.\nMoney in the Fund not needed for immediate use or disbursement may be invested\nor reinvested by the Authority in obligations or securities that are considered\nlawful investments for public funds under the laws of the Commonwealth,\nincluding the Local Government Investment Pool Act (§ 2.2-4600 et seq.).\n\nHISTORY: 2015, cc. 399, 433.","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}}