{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/62.1-241.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/62.1-241.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/62.1-241.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/62.1-241.3.html"}],"law_id":64286,"edition_id":1,"section_id":64286,"structure_id":15013,"section_number":"62.1-241.3","catch_line":"Deposit of money; expenditures; investments","history":"1992, c. 378; 1996, c. 77.","full_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 or in national banking associations located in Virginia or in savings institutions located in Virginia 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 other officers or employees 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. 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 which are considered lawful investments for public funds under the laws of the Commonwealth.","order_by":null,"text":{"0":{"id":233999,"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 or in national banking associations located in Virginia or in savings institutions located in Virginia 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 other officers or employees 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. 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 which are considered lawful investments for public funds under the laws of the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15013,"edition_id":1,"name":"Virginia Solid Waste or Recycling Revolving Fund","identifier":"23.1","label":"chapter","depth":2,"order_by":1,"parent_id":12909,"metadata":{},"date_created":"2026-06-26 03:51:30","date_modified":"2026-06-26 03:51:30","permalink":{"id":268921,"object_type":"structure","relational_id":15013,"identifier":"23.1","token":"62.1\/23.1","url":"\/62.1\/23.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12909,"edition_id":1,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":268199,"object_type":"structure","relational_id":12909,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":73760,"structure_id":15013,"section_number":"62.1-241.1","catch_line":"Definitions","url":"\/62.1-241.1\/","token":"62.1\/23.1\/62.1-241.1","metadata":false},{"id":75893,"structure_id":15013,"section_number":"62.1-241.10","catch_line":"Liberal construction of chapter","url":"\/62.1-241.10\/","token":"62.1\/23.1\/62.1-241.10","metadata":false},{"id":66496,"structure_id":15013,"section_number":"62.1-241.2","catch_line":"Creation and management of Fund","url":"\/62.1-241.2\/","token":"62.1\/23.1\/62.1-241.2","metadata":false},{"id":64286,"structure_id":15013,"section_number":"62.1-241.3","catch_line":"Deposit of money; expenditures; investments","url":"\/62.1-241.3\/","token":"62.1\/23.1\/62.1-241.3","metadata":false},{"id":57249,"structure_id":15013,"section_number":"62.1-241.4","catch_line":"Annual audit","url":"\/62.1-241.4\/","token":"62.1\/23.1\/62.1-241.4","metadata":false},{"id":69900,"structure_id":15013,"section_number":"62.1-241.5","catch_line":"Collection of money due Fund","url":"\/62.1-241.5\/","token":"62.1\/23.1\/62.1-241.5","metadata":false},{"id":71426,"structure_id":15013,"section_number":"62.1-241.6","catch_line":"Loans to local governments","url":"\/62.1-241.6\/","token":"62.1\/23.1\/62.1-241.6","metadata":false},{"id":87363,"structure_id":15013,"section_number":"62.1-241.7","catch_line":"Grants to local governments","url":"\/62.1-241.7\/","token":"62.1\/23.1\/62.1-241.7","metadata":false},{"id":69303,"structure_id":15013,"section_number":"62.1-241.8","catch_line":"Loans and grants for regional projects, etc","url":"\/62.1-241.8\/","token":"62.1\/23.1\/62.1-241.8","metadata":false},{"id":73447,"structure_id":15013,"section_number":"62.1-241.9","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/62.1-241.9\/","token":"62.1\/23.1\/62.1-241.9","metadata":false},{"id":80295,"structure_id":15013,"section_number":"62.1-241.9:1","catch_line":"Sale of loans","url":"\/62.1-241.9_1\/","token":"62.1\/23.1\/62.1-241.9_1","metadata":false},{"id":79136,"structure_id":15013,"section_number":"62.1-241.9:2","catch_line":"Powers of the Authority","url":"\/62.1-241.9_2\/","token":"62.1\/23.1\/62.1-241.9_2","metadata":false}],"previous_section":{"id":66496,"structure_id":15013,"section_number":"62.1-241.2","catch_line":"Creation and management of Fund","url":"\/62.1-241.2\/","token":"62.1\/23.1\/62.1-241.2","metadata":false},"next_section":{"id":57249,"structure_id":15013,"section_number":"62.1-241.4","catch_line":"Annual audit","url":"\/62.1-241.4\/","token":"62.1\/23.1\/62.1-241.4","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-241.3\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 378 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 1992 \u201cActs\u201d aren\u2019t available online. 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 1996, chapter 77<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":268935,"object_type":"law","relational_id":64286,"identifier":"62.1-241.3","token":"62.1\/23.1\/62.1-241.3","url":"\/62.1-241.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/62.1-241.3\/","token":"62.1\/23.1\/62.1-241.3","dublin_core":{"Title":"Deposit of money; expenditures; investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-241.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

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 or in national banking associations located in Virginia or in savings institutions located in Virginia 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 other officers or employees 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. 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 which are considered lawful investments for public funds<\/span> under the laws<\/span> of the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEPOSIT OF MONEY; EXPENDITURES; INVESTMENTS (\u00a7 62.1-241.3)\n\nAll money belonging to the Fund shall be deposited in an account or accounts in\nbanks or trust companies organized under the laws of the Commonwealth or in\nnational banking associations located in Virginia or in savings institutions\nlocated in Virginia organized under the laws of the Commonwealth or the United\nStates. The money in these accounts shall be paid by check signed by the\nExecutive Director of the Authority or other officers or employees designated by\nthe Board of Directors of the Authority. All deposits of money shall, if\nrequired by the Authority, be secured in a manner determined by the Authority to\nbe prudent, and all banks, trust companies and savings institutions are\nauthorized to give security for the deposits. Money in the Fund shall not be\ncommingled with other money of the Authority. Money in the Fund not needed for\nimmediate use or disbursement may be invested or reinvested by the Authority in\nobligations or securities which are considered lawful investments for public\nfunds under the laws of the Commonwealth.\n\nHISTORY: 1992, c. 378; 1996, c. 77.","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}}