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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>66422</law_id><section_number>2.2-2305</section_number><catch_line>Contracts with holders of bonds; how money secured</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>2.2-2285</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Organization of State Government</unit><unit label="part" level="3" order_by="1" identifier="D">State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies</unit><unit label="chapter" level="4" order_by="1" identifier="22">Authorities</unit><unit label="article" level="5" order_by="1" identifier="7">Virginia Small Business Financing Authority</unit></structure><text>
						<section><p>Notwithstanding the provisions of &#xA7;&#xA0;<a class="law" title="Deposit of money; expenditures; security for deposits" href="/2.2-2304/">2.2-2304</a>, the <span class="dictionary">Authority</span> may <span class="dictionary">contract</span> with the holders of any of its <span class="dictionary"><span class="dictionary">bonds</span></span> as to the <span class="dictionary">custody</span>, collection, securing, investment and payment of any money of the <span class="dictionary">Authority</span> and of any money held in trust or otherwise for the payment of <span class="dictionary"><span class="dictionary">bonds</span></span>, and to carry out such <span class="dictionary">contract</span>. Money held in trust or otherwise for the payment of <span class="dictionary"><span class="dictionary">bonds</span></span> or in any way to secure <span class="dictionary"><span class="dictionary">bonds</span></span> and deposits of money may be secured in the same manner as money of the <span class="dictionary">Authority</span>, and all banks and trust companies are authorized to give security for the deposits.</p></section></text><history>1984, c. 749, &#xA7; 9-230; 2001, c. 844.</history><metadata></metadata></law>
