{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-295.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-295.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-295.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-295.html"}],"law_id":82882,"edition_id":1,"section_id":82882,"structure_id":14957,"section_number":"33.2-295","catch_line":"Deposit and investment of funds","history":"2020, cc. 1230, 1275.","full_text":"Bonds issued by the Authority under the provisions of this article are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, and all 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. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations of the Commonwealth is now or may hereafter be authorized by law.","order_by":null,"text":{"0":{"id":297089,"text":"Bonds issued by the Authority under the provisions of this article are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, and all 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. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations of the Commonwealth is now or may hereafter be authorized by law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14957,"edition_id":1,"name":"Virginia Passenger Rail Authority Act","identifier":"6","label":"article","depth":4,"order_by":1,"parent_id":13136,"metadata":{},"date_created":"2026-06-26 03:51:05","date_modified":"2026-06-26 03:51:05","permalink":{"id":205283,"object_type":"structure","relational_id":14957,"identifier":"6","token":"33.2\/I\/2\/6","url":"\/33.2\/I\/2\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13136,"edition_id":1,"name":"Transportation Entities","identifier":"2","label":"chapter","depth":3,"order_by":1,"parent_id":13135,"metadata":{},"date_created":"2026-06-26 03:44:20","date_modified":"2026-06-26 03:44:20","permalink":{"id":204875,"object_type":"structure","relational_id":13136,"identifier":"2","token":"33.2\/I\/2","url":"\/33.2\/I\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13135,"edition_id":1,"name":"General Provisions and Transportation Entities","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12806,"metadata":{},"date_created":"2026-06-26 03:44:20","date_modified":"2026-06-26 03:44:20","permalink":{"id":204787,"object_type":"structure","relational_id":13135,"identifier":"I","token":"33.2\/I","url":"\/33.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12806,"edition_id":1,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":204785,"object_type":"structure","relational_id":12806,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65292,"structure_id":14957,"section_number":"33.2-287","catch_line":"Definitions","url":"\/33.2-287\/","token":"33.2\/I\/2\/6\/33.2-287","metadata":false},{"id":83123,"structure_id":14957,"section_number":"33.2-288","catch_line":"Declaration of public purpose; Virginia Passenger Rail Authority","url":"\/33.2-288\/","token":"33.2\/I\/2\/6\/33.2-288","metadata":false},{"id":61923,"structure_id":14957,"section_number":"33.2-289","catch_line":"Board of Directors","url":"\/33.2-289\/","token":"33.2\/I\/2\/6\/33.2-289","metadata":false},{"id":80981,"structure_id":14957,"section_number":"33.2-290","catch_line":"Executive Director; agents and employees","url":"\/33.2-290\/","token":"33.2\/I\/2\/6\/33.2-290","metadata":false},{"id":76138,"structure_id":14957,"section_number":"33.2-291","catch_line":"Local authorities subordinate to Authority","url":"\/33.2-291\/","token":"33.2\/I\/2\/6\/33.2-291","metadata":false},{"id":64713,"structure_id":14957,"section_number":"33.2-292","catch_line":"Powers of the Authority","url":"\/33.2-292\/","token":"33.2\/I\/2\/6\/33.2-292","metadata":false},{"id":67230,"structure_id":14957,"section_number":"33.2-293","catch_line":"Acquisition, possession, and disposition of rail facilities; eminent domain","url":"\/33.2-293\/","token":"33.2\/I\/2\/6\/33.2-293","metadata":false},{"id":69208,"structure_id":14957,"section_number":"33.2-294","catch_line":"Issuance of bonds","url":"\/33.2-294\/","token":"33.2\/I\/2\/6\/33.2-294","metadata":false},{"id":82882,"structure_id":14957,"section_number":"33.2-295","catch_line":"Deposit and investment of funds","url":"\/33.2-295\/","token":"33.2\/I\/2\/6\/33.2-295","metadata":false},{"id":76260,"structure_id":14957,"section_number":"33.2-296","catch_line":"Revenues of the Authority","url":"\/33.2-296\/","token":"33.2\/I\/2\/6\/33.2-296","metadata":false},{"id":77741,"structure_id":14957,"section_number":"33.2-297","catch_line":"Moneys of Authority","url":"\/33.2-297\/","token":"33.2\/I\/2\/6\/33.2-297","metadata":false},{"id":67167,"structure_id":14957,"section_number":"33.2-298","catch_line":"Annual budget","url":"\/33.2-298\/","token":"33.2\/I\/2\/6\/33.2-298","metadata":false},{"id":63198,"structure_id":14957,"section_number":"33.2-299","catch_line":"Recordkeeping; audits","url":"\/33.2-299\/","token":"33.2\/I\/2\/6\/33.2-299","metadata":false},{"id":77868,"structure_id":14957,"section_number":"33.2-299.1","catch_line":"Exemption of Authority from personnel and procurement procedures","url":"\/33.2-299.1\/","token":"33.2\/I\/2\/6\/33.2-299.1","metadata":false},{"id":81757,"structure_id":14957,"section_number":"33.2-299.2","catch_line":"Police powers; Authority rules and regulations","url":"\/33.2-299.2\/","token":"33.2\/I\/2\/6\/33.2-299.2","metadata":false},{"id":70141,"structure_id":14957,"section_number":"33.2-299.3","catch_line":"Governmental function; exemption from taxation","url":"\/33.2-299.3\/","token":"33.2\/I\/2\/6\/33.2-299.3","metadata":false},{"id":57064,"structure_id":14957,"section_number":"33.2-299.4","catch_line":"Cooperation with federal agencies","url":"\/33.2-299.4\/","token":"33.2\/I\/2\/6\/33.2-299.4","metadata":false},{"id":82633,"structure_id":14957,"section_number":"33.2-299.5","catch_line":"Continuing responsibilities of the Transportation Board and the Department","url":"\/33.2-299.5\/","token":"33.2\/I\/2\/6\/33.2-299.5","metadata":false},{"id":66867,"structure_id":14957,"section_number":"33.2-299.6","catch_line":"Dissolution of Authority","url":"\/33.2-299.6\/","token":"33.2\/I\/2\/6\/33.2-299.6","metadata":false},{"id":59906,"structure_id":14957,"section_number":"33.2-299.7","catch_line":"Exclusions from the Virginia Freedom of Information Act; proprietary records and trade secrets","url":"\/33.2-299.7\/","token":"33.2\/I\/2\/6\/33.2-299.7","metadata":false},{"id":75391,"structure_id":14957,"section_number":"33.2-299.8","catch_line":"Liberal construction","url":"\/33.2-299.8\/","token":"33.2\/I\/2\/6\/33.2-299.8","metadata":false}],"previous_section":{"id":69208,"structure_id":14957,"section_number":"33.2-294","catch_line":"Issuance of bonds","url":"\/33.2-294\/","token":"33.2\/I\/2\/6\/33.2-294","metadata":false},"next_section":{"id":76260,"structure_id":14957,"section_number":"33.2-296","catch_line":"Revenues of the Authority","url":"\/33.2-296\/","token":"33.2\/I\/2\/6\/33.2-296","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-295\/","history_text":"<p>This law was first created in 2020. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1230\">1230<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?201+ful+CHAP1275\">1275<\/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":false,"permalink":{"id":205317,"object_type":"law","relational_id":82882,"identifier":"33.2-295","token":"33.2\/I\/2\/6\/33.2-295","url":"\/33.2-295\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-295\/","token":"33.2\/I\/2\/6\/33.2-295","dublin_core":{"Title":"Deposit and investment of funds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-295","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p><span class=\"dictionary\"><span class=\"dictionary\">Bonds<\/span><\/span> issued by the <span class=\"dictionary\">Authority<\/span> under the provisions of this article are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, and all 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. Such <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> or obligations of the Commonwealth is now or may hereafter be authorized by <span class=\"dictionary\">law<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDEPOSIT AND INVESTMENT OF FUNDS (\u00a7 33.2-295)\n\nBonds issued by the Authority under the provisions of this article are hereby\nmade securities in which all public officers and public bodies of the\nCommonwealth and its political subdivisions, and all 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. Such bonds are\nhereby made securities that may properly and legally be deposited with and\nreceived by any state or municipal officer or any agency or political\nsubdivision of the Commonwealth for any purpose for which the deposit of bonds\nor obligations of the Commonwealth is now or may hereafter be authorized by law.\n\nHISTORY: 2020, cc. 1230, 1275.","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}}