{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-600.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-600.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-600.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-600.html"}],"law_id":85240,"edition_id":1,"section_id":85240,"structure_id":16078,"section_number":"8.01-600","catch_line":"How money under control of court deposited; record kept; liability of clerk","history":"Code 1950, \u00a7 8-744; 1977, c. 617; 1986, c. 644; 1988, c. 841; 1990, cc. 3, 414; 1991, c. 635; 2002, c. 832; 2015, c. 633; 2017, c. 35.","full_text":"A\n\nThis section pertains only to money held by the clerk of the circuit court, when the court orders moneys to be held by the clerk pursuant to this section. Where judgment is taken in the circuit court, upon motion of a party for good cause shown, the court may enter an order directing the clerk to hold moneys pursuant to this section. The clerk shall have the duty, unless it is otherwise specially ordered, to receive, take charge of, hold or invest in such manner as the court orders and also to pay out or dispose of these moneys as the court orders or decrees. To this end, the clerk is authorized to verify, receive, and give acquittances for all such moneys as the court may direct.B\n\nOrders creating funds pursuant to this section or \u00a7 8.01-582 shall include information necessary to make prudent investment and disbursement decisions. The orders shall include, except when it is unreasonable, the proposed dates of periodic and final disbursements. Prior to the entry of the order, the beneficiary or his representative shall file an affidavit with the court providing the beneficiary’s name, date of birth, address and social security number. The affidavit shall be maintained under seal by the clerk unless otherwise ordered by the court, and the information therein shall be used solely for the purposes of financial management and reporting.\n\t\t\tUnless otherwise ordered by the court, the provisions of this section shall not apply to:1\n\nCash or other money received in lieu of surety on any bond posted in any civil or criminal case, including but not limited to bail bonds, appeal bonds in appeals from a district court or circuit court, bonds posted in connection with the filing of an attachment, detinue seizure or distress, suspending bonds, and performance bonds;2\n\nCash or other money paid or deposited in the clerk’s office prior to final disposition of the case, including but not limited to interpleaders or eminent domain; or3\n\nCash or other money deposited in lieu of surety on any bond posted in the clerk’s office which is not posted in connection with any civil or criminal case, including bonds posted by executors or administrators.C\n\nAll deposits under this section shall be secured in accordance with the Virginia Security for Public Deposits Act (§ 2.2-4400 et seq.).D\n\nMoneys held pursuant to this section shall be invested in certificates of deposit and time deposits, and in accordance with the provisions of Chapter 45 (§ 2.2-4500 et seq.) of Title 2.2 as ordered by the court.E\n\nAny interest which accrues on the funds, minus allowable fees and bond costs, shall be credited and payable to the person or persons entitled to receive such funds. The court may order the clerk to consolidate for investment purposes money received under this section, with income received hereunder to be apportioned among the several accounts.F\n\nExcept as otherwise ordered by the court, for good cause shown, the clerk shall be liable for any loss of income which results from his (i) failure to invest the money within sixty days of the court order creating the fund or (ii) failure to pay out any money so ordered by the court within sixty days of the court order. He shall be charged with interest from the date of the court order until such investment or payment is made.G\n\nThe clerk shall keep an accurate and particular account of all moneys received, invested, and paid out by him, showing the respective amounts to the credit of each case in the court and designating in the items the judgments, orders or decrees of court under which the respective sums have been received, invested or paid out. At least annually and no later than October 1 of each year, the clerk shall make a report to the court, which shall include the chief judge of the circuit or the resident judge, showing the balance to the credit of each case in the court in which money has been received by him, the manner in which money has been received by him, the manner in which it is invested, the amounts received, invested or paid out during the year ending June 30 of the current year, the approximate date on which the moneys held for the beneficiaries will become payable, and the whole amount then invested and subject to the future order of the court. The clerk shall make a copy of such report available to the Auditor of Public Accounts for purposes of audit. A copy of this report shall be recorded in the trust fund order book. The clerk shall, at any time when required by the court or the Auditor of Public Accounts to do so, furnish a statement of the amount subject to the order of the court in any case pending therein and any other information required by the court or the Auditor of Public Accounts as to any money or other property under his control before the court. When the clerk receives funds under this section, he shall be entitled to receive fees in accordance with § 17.1-287 in the amounts as specified for general receivers in § 8.01-589.H\n\nAll moneys received under this section are subject to audit by the Auditor of Public Accounts.","order_by":null,"text":{"0":{"id":305491,"text":"This section pertains only to money held by the clerk of the circuit court, when the court orders moneys to be held by the clerk pursuant to this section. Where judgment is taken in the circuit court, upon motion of a party for good cause shown, the court may enter an order directing the clerk to hold moneys pursuant to this section. The clerk shall have the duty, unless it is otherwise specially ordered, to receive, take charge of, hold or invest in such manner as the court orders and also to pay out or dispose of these moneys as the court orders or decrees. To this end, the clerk is authorized to verify, receive, and give acquittances for all such moneys as the court may direct.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":305492,"text":"Orders creating funds pursuant to this section or \u00a7 8.01-582 shall include information necessary to make prudent investment and disbursement decisions. The orders shall include, except when it is unreasonable, the proposed dates of periodic and final disbursements. Prior to the entry of the order, the beneficiary or his representative shall file an affidavit with the court providing the beneficiary’s name, date of birth, address and social security number. The affidavit shall be maintained under seal by the clerk unless otherwise ordered by the court, and the information therein shall be used solely for the purposes of financial management and reporting.\n\t\t\tUnless otherwise ordered by the court, the provisions of this section shall not apply to:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":305493,"text":"Cash or other money received in lieu of surety on any bond posted in any civil or criminal case, including but not limited to bail bonds, appeal bonds in appeals from a district court or circuit court, bonds posted in connection with the filing of an attachment, detinue seizure or distress, suspending bonds, and performance bonds;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":305494,"text":"Cash or other money paid or deposited in the clerk’s office prior to final disposition of the case, including but not limited to interpleaders or eminent domain; or","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":305495,"text":"Cash or other money deposited in lieu of surety on any bond posted in the clerk’s office which is not posted in connection with any civil or criminal case, including bonds posted by executors or administrators.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"C"},"5":{"id":305496,"text":"All deposits under this section shall be secured in accordance with the Virginia Security for Public Deposits Act (§ 2.2-4400 et seq.).","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B3","next_prefix":"D"},"6":{"id":305497,"text":"Moneys held pursuant to this section shall be invested in certificates of deposit and time deposits, and in accordance with the provisions of Chapter 45 (§ 2.2-4500 et seq.) of Title 2.2 as ordered by the court.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"7":{"id":305498,"text":"Any interest which accrues on the funds, minus allowable fees and bond costs, shall be credited and payable to the person or persons entitled to receive such funds. The court may order the clerk to consolidate for investment purposes money received under this section, with income received hereunder to be apportioned among the several accounts.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"8":{"id":305499,"text":"Except as otherwise ordered by the court, for good cause shown, the clerk shall be liable for any loss of income which results from his (i) failure to invest the money within sixty days of the court order creating the fund or (ii) failure to pay out any money so ordered by the court within sixty days of the court order. He shall be charged with interest from the date of the court order until such investment or payment is made.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"9":{"id":305500,"text":"The clerk shall keep an accurate and particular account of all moneys received, invested, and paid out by him, showing the respective amounts to the credit of each case in the court and designating in the items the judgments, orders or decrees of court under which the respective sums have been received, invested or paid out. At least annually and no later than October 1 of each year, the clerk shall make a report to the court, which shall include the chief judge of the circuit or the resident judge, showing the balance to the credit of each case in the court in which money has been received by him, the manner in which money has been received by him, the manner in which it is invested, the amounts received, invested or paid out during the year ending June 30 of the current year, the approximate date on which the moneys held for the beneficiaries will become payable, and the whole amount then invested and subject to the future order of the court. The clerk shall make a copy of such report available to the Auditor of Public Accounts for purposes of audit. A copy of this report shall be recorded in the trust fund order book. The clerk shall, at any time when required by the court or the Auditor of Public Accounts to do so, furnish a statement of the amount subject to the order of the court in any case pending therein and any other information required by the court or the Auditor of Public Accounts as to any money or other property under his control before the court. When the clerk receives funds under this section, he shall be entitled to receive fees in accordance with § 17.1-287 in the amounts as specified for general receivers in § 8.01-589.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F","next_prefix":"H"},"10":{"id":305501,"text":"All moneys received under this section are subject to audit by the Auditor of Public Accounts.","type":"section","prefixes":["H"],"prefix":"H","entire_prefix":"H","prefix_anchor":"H","level":1,"prior_prefix":"G"}},"ancestry":[{"id":16078,"edition_id":1,"name":"General Provisions for Moneys Under Control of Court","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":14702,"metadata":{},"date_created":"2026-06-26 04:05:14","date_modified":"2026-06-26 04:05:14","permalink":{"id":279133,"object_type":"structure","relational_id":16078,"identifier":"3","token":"8.01\/22\/3","url":"\/8.01\/22\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14702,"edition_id":1,"name":"Receivers, General and Special","identifier":"22","label":"chapter","depth":2,"order_by":1,"parent_id":12747,"metadata":{},"date_created":"2026-06-26 03:49:25","date_modified":"2026-06-26 03:49:25","permalink":{"id":279051,"object_type":"structure","relational_id":14702,"identifier":"22","token":"8.01\/22","url":"\/8.01\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12747,"edition_id":1,"name":"Civil Remedies and Procedure","identifier":"8.01","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":277029,"object_type":"structure","relational_id":12747,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85240,"structure_id":16078,"section_number":"8.01-600","catch_line":"How money under control of court deposited; record kept; liability of clerk","url":"\/8.01-600\/","token":"8.01\/22\/3\/8.01-600","metadata":false},{"id":63205,"structure_id":16078,"section_number":"8.01-600.1","catch_line":"Repealed","url":"\/8.01-600.1\/","token":"8.01\/22\/3\/8.01-600.1","metadata":false},{"id":86177,"structure_id":16078,"section_number":"8.01-601","catch_line":"Deposit with general receiver of certain funds under supervision of fiduciary and belonging to person under disability","url":"\/8.01-601\/","token":"8.01\/22\/3\/8.01-601","metadata":false},{"id":73701,"structure_id":16078,"section_number":"8.01-602","catch_line":"Proceedings when owner of money under control of court unknown","url":"\/8.01-602\/","token":"8.01\/22\/3\/8.01-602","metadata":false},{"id":83848,"structure_id":16078,"section_number":"8.01-603","catch_line":"Repealed","url":"\/8.01-603\/","token":"8.01\/22\/3\/8.01-603","metadata":false},{"id":85844,"structure_id":16078,"section_number":"8.01-604","catch_line":"How State Treasurer to keep account of such money","url":"\/8.01-604\/","token":"8.01\/22\/3\/8.01-604","metadata":false},{"id":79994,"structure_id":16078,"section_number":"8.01-605","catch_line":"How person entitled to money paid into state treasury may recover it","url":"\/8.01-605\/","token":"8.01\/22\/3\/8.01-605","metadata":false},{"id":80415,"structure_id":16078,"section_number":"8.01-606","catch_line":"Payment of small amounts to certain persons through court without intervention of fiduciary; authority of commissioners of accounts; certain fiduciaries exempt from accountings","url":"\/8.01-606\/","token":"8.01\/22\/3\/8.01-606","metadata":false}],"next_section":{"id":63205,"structure_id":16078,"section_number":"8.01-600.1","catch_line":"Repealed","url":"\/8.01-600.1\/","token":"8.01\/22\/3\/8.01-600.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-600\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 8 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 1977, chapter 617; in 1986, chapter 644; in 1988, chapter 841; in 1990, chapters 3 and 414; in 1991, chapter 635; in 2002, chapter 832<\/a>; in 2015, chapter 633<\/a>; in 2017, chapter 35<\/a>.<\/p>","references":[{"id":75584,"section_number":"17.1-124","catch_line":"Order books; automated systems","order_by":null,"url":"\/17.1-124\/"},{"id":61775,"section_number":"17.1-125","catch_line":"Civil order book","order_by":null,"url":"\/17.1-125\/"},{"id":56185,"section_number":"17.1-607","catch_line":"Security for costs upon suit by nonresident","order_by":null,"url":"\/17.1-607\/"},{"id":54773,"section_number":"2.2-1841","catch_line":"Blanket surety bond plan for moneys under control of court","order_by":null,"url":"\/2.2-1841\/"},{"id":63923,"section_number":"2.2-4400","catch_line":"Short title; declaration of intent; applicability","order_by":null,"url":"\/2.2-4400\/"},{"id":76965,"section_number":"38.2-2206","catch_line":"Uninsured motorist insurance coverage","order_by":null,"url":"\/38.2-2206\/"},{"id":78976,"section_number":"8.01-424","catch_line":"Approval of compromises on behalf of persons under a disability in suits or actions to which they are parties","order_by":null,"url":"\/8.01-424\/"},{"id":73701,"section_number":"8.01-602","catch_line":"Proceedings when owner of money under control of court unknown","order_by":null,"url":"\/8.01-602\/"},{"id":80415,"section_number":"8.01-606","catch_line":"Payment of small amounts to certain persons through court without intervention of fiduciary; authority of commissioners of accounts; certain fiduciaries exempt from accountings","order_by":null,"url":"\/8.01-606\/"}],"refers_to":[{"id":79643,"section_number":"17.1-287","catch_line":"Salaries of clerks of circuit courts","order_by":null,"url":"\/17.1-287\/"},{"id":63923,"section_number":"2.2-4400","catch_line":"Short title; declaration of intent; applicability","order_by":null,"url":"\/2.2-4400\/"},{"id":65575,"section_number":"2.2-4500","catch_line":"Legal investments for public sinking funds","order_by":null,"url":"\/2.2-4500\/"},{"id":63701,"section_number":"8.01-582","catch_line":"Appointment of general receivers; their duties; audit of funds","order_by":null,"url":"\/8.01-582\/"}],"permalink":{"id":279135,"object_type":"law","relational_id":85240,"identifier":"8.01-600","token":"8.01\/22\/3\/8.01-600","url":"\/8.01-600\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-600\/","token":"8.01\/22\/3\/8.01-600","dublin_core":{"Title":"How money under control of court deposited; record kept; liability of clerk","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-600","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> This section pertains only to money held by the clerk of the circuit<\/span> court, when the court orders<\/span> moneys to be held by the clerk pursuant to this section. Where judgment<\/span> is taken in the circuit<\/span> court, upon motion<\/span> of a party<\/span> for good cause shown, the court may enter an order<\/span> directing the clerk to hold moneys pursuant to this section. The clerk shall have the duty, unless it is otherwise specially ordered, to receive, take charge of, hold or invest in such manner as the court orders<\/span> and also to pay out or dispose of these moneys as the court orders<\/span> or decrees<\/span>. To this end, the clerk is authorized to verify, receive, and give acquittances for all such moneys as the court may direct. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Orders creating funds pursuant to this section or \u00a7 8.01-582<\/a> shall include information necessary to make prudent investment and disbursement decisions. The orders shall include, except when it is unreasonable, the proposed dates of periodic and final disbursements. Prior to the entry of the order<\/span>, the beneficiary or his representative shall file an affidavit<\/span> with the court providing the beneficiary’s name, date of birth, address and social security number. The affidavit<\/span> shall be maintained under seal by the clerk unless otherwise ordered by the court, and the information therein shall be used solely for the purposes of financial management and reporting.\n\t\t\tUnless otherwise ordered by the court, the provisions of this section shall not apply to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Cash or other money received in lieu of surety<\/span> on any bond<\/span> posted in any civil or criminal case, including but not limited to bail bonds<\/span>, appeal<\/span> bonds in appeals<\/span> from a district court or circuit<\/span> court, bonds posted in connection with the filing of an attachment<\/span>, detinue seizure or distress, suspending bonds, and performance bonds; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Cash or other money paid or deposited in the clerk’s office prior to final disposition<\/span> of the case, including but not limited to interpleaders<\/span> or eminent domain; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Cash or other money deposited in lieu of surety<\/span> on any bond<\/span> posted in the clerk’s office which is not posted in connection with any civil or criminal case, including bonds posted by executors or administrators. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> All deposits under this section shall be secured in accordance with the Virginia Security for Public Deposits Act (§ 2.2-4400<\/a> et seq.). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Moneys held pursuant to this section shall be invested in certificates of deposit and time deposits, and in accordance with the provisions of Chapter 45 (§ 2.2-4500<\/a> et seq.) of Title 2.2 as ordered by the court. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Any interest which accrues on the funds, minus allowable fees and bond<\/span> costs, shall be credited and payable to the person<\/span> or persons<\/span> entitled to receive such funds. The court may order<\/span> the clerk to consolidate for investment purposes money received under this section, with income received hereunder to be apportioned among the several accounts. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Except as otherwise ordered by the court, for good cause shown, the clerk shall be liable for any loss of income which results from his (i) failure to invest the money within sixty days of the court order<\/span> creating the fund or (ii) failure to pay out any money so ordered by the court within sixty days of the court order<\/span>. He shall be charged with interest from the date of the court order<\/span> until such investment or payment is made. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

G.<\/span> The clerk shall keep an accurate and particular account of all moneys received, invested, and paid out by him, showing the respective amounts to the credit of each case in the court and designating in the items the judgments<\/span>, orders or decrees<\/span> of court under which the respective sums have been received, invested or paid out. At least annually and no later than October 1 of each year, the clerk shall make a report to the court, which shall include the chief judge<\/span> of the circuit<\/span> or the resident judge, showing the balance to the credit of each case in the court in which money has been received by him, the manner in which money has been received by him, the manner in which it is invested, the amounts received, invested or paid out during the year ending June 30 of the current year, the approximate date on which the moneys held for the beneficiaries will become payable, and the whole amount then invested and subject to the future order of the court. The clerk shall make a copy of such report available to the Auditor of Public Accounts for purposes of audit. A copy of this report shall be recorded in the trust fund order book. The clerk shall, at any time when required by the court or the Auditor of Public Accounts to do so, furnish a statement of the amount subject to the order of the court in any case pending therein and any other information required by the court or the Auditor of Public Accounts as to any money or other property under his control before the court. When the clerk receives funds under this section, he shall be entitled to receive fees in accordance with § 17.1-287<\/a> in the amounts as specified for general receivers in § 8.01-589<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

H.<\/span> All moneys received under this section are subject to audit by the Auditor of Public Accounts. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nHOW MONEY UNDER CONTROL OF COURT DEPOSITED; RECORD KEPT; LIABILITY OF CLERK (\u00a7\n8.01-600)\n\nA. This section pertains only to money held by the clerk of the circuit court,\nwhen the court orders moneys to be held by the clerk pursuant to this section.\nWhere judgment is taken in the circuit court, upon motion of a party for good\ncause shown, the court may enter an order directing the clerk to hold moneys\npursuant to this section. The clerk shall have the duty, unless it is otherwise\nspecially ordered, to receive, take charge of, hold or invest in such manner as\nthe court orders and also to pay out or dispose of these moneys as the court\norders or decrees. To this end, the clerk is authorized to verify, receive, and\ngive acquittances for all such moneys as the court may direct.\n\nB. Orders creating funds pursuant to this section or \u00a7 8.01-582 shall include\ninformation necessary to make prudent investment and disbursement decisions. The\norders shall include, except when it is unreasonable, the proposed dates of\nperiodic and final disbursements. Prior to the entry of the order, the\nbeneficiary or his representative shall file an affidavit with the court\nproviding the beneficiary’s name, date of birth, address and social\nsecurity number. The affidavit shall be maintained under seal by the clerk\nunless otherwise ordered by the court, and the information therein shall be used\nsolely for the purposes of financial management and reporting.\n\t\t\tUnless otherwise ordered by the court, the provisions of this section shall\nnot apply to:\n\n 1. Cash or other money received in lieu of surety on any bond posted in any\n civil or criminal case, including but not limited to bail bonds, appeal bonds\n in appeals from a district court or circuit court, bonds posted in connection\n with the filing of an attachment, detinue seizure or distress, suspending\n bonds, and performance bonds;\n\n 2. Cash or other money paid or deposited in the clerk’s office prior to\n final disposition of the case, including but not limited to interpleaders or\n eminent domain; or\n\n 3. Cash or other money deposited in lieu of surety on any bond posted in the\n clerk’s office which is not posted in connection with any civil or\n criminal case, including bonds posted by executors or administrators.\n\nC. All deposits under this section shall be secured in accordance with the\nVirginia Security for Public Deposits Act (§ 2.2-4400 et seq.).\n\nD. Moneys held pursuant to this section shall be invested in certificates of\ndeposit and time deposits, and in accordance with the provisions of Chapter 45\n(§ 2.2-4500 et seq.) of Title 2.2 as ordered by the court.\n\nE. Any interest which accrues on the funds, minus allowable fees and bond costs,\nshall be credited and payable to the person or persons entitled to receive such\nfunds. The court may order the clerk to consolidate for investment purposes\nmoney received under this section, with income received hereunder to be\napportioned among the several accounts.\n\nF. Except as otherwise ordered by the court, for good cause shown, the clerk\nshall be liable for any loss of income which results from his (i) failure to\ninvest the money within sixty days of the court order creating the fund or (ii)\nfailure to pay out any money so ordered by the court within sixty days of the\ncourt order. He shall be charged with interest from the date of the court order\nuntil such investment or payment is made.\n\nG. The clerk shall keep an accurate and particular account of all moneys\nreceived, invested, and paid out by him, showing the respective amounts to the\ncredit of each case in the court and designating in the items the judgments,\norders or decrees of court under which the respective sums have been received,\ninvested or paid out. At least annually and no later than October 1 of each\nyear, the clerk shall make a report to the court, which shall include the chief\njudge of the circuit or the resident judge, showing the balance to the credit of\neach case in the court in which money has been received by him, the manner in\nwhich money has been received by him, the manner in which it is invested, the\namounts received, invested or paid out during the year ending June 30 of the\ncurrent year, the approximate date on which the moneys held for the\nbeneficiaries will become payable, and the whole amount then invested and\nsubject to the future order of the court. The clerk shall make a copy of such\nreport available to the Auditor of Public Accounts for purposes of audit. A copy\nof this report shall be recorded in the trust fund order book. The clerk shall,\nat any time when required by the court or the Auditor of Public Accounts to do\nso, furnish a statement of the amount subject to the order of the court in any\ncase pending therein and any other information required by the court or the\nAuditor of Public Accounts as to any money or other property under his control\nbefore the court. When the clerk receives funds under this section, he shall be\nentitled to receive fees in accordance with § 17.1-287 in the amounts as\nspecified for general receivers in § 8.01-589.\n\nH. All moneys received under this section are subject to audit by the Auditor of\nPublic Accounts.\n\nHISTORY: Code 1950, \u00a7 8-744; 1977, c. 617; 1986, c. 644; 1988, c. 841; 1990,\ncc. 3, 414; 1991, c. 635; 2002, c. 832; 2015, c. 633; 2017, c. 35.","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}}