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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>76612</law_id><section_number>2.2-2307</section_number><catch_line>Bonds as legal investments and securities</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><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>The <span class="dictionary"><span class="dictionary">bonds</span></span> issued by the <span class="dictionary">Authority</span> in accordance with this article shall be legal investments in which all public officers or public bodies of the <span class="dictionary">Commonwealth</span>, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on insurance business, all banks, bankers, banking associations, trust companies, savings institutions, building and loan associations, and investment companies, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons who are now or may later be authorized to invest in <span class="dictionary"><span class="dictionary">bonds</span></span> or in other obligations of the <span class="dictionary">Commonwealth</span>, may invest funds, including capital, in their control or belonging to them. The <span class="dictionary"><span class="dictionary">bonds</span></span> shall also be securities that may be deposited with and received by all public officers and bodies of the <span class="dictionary">Commonwealth</span> or any agency or political subdivision of the <span class="dictionary">Commonwealth</span> and all municipalities and public corporations for any purpose for which the deposit of <span class="dictionary"><span class="dictionary">bonds</span></span> or other obligations of the <span class="dictionary">Commonwealth</span> is now or may be later authorized by <span class="dictionary">law</span>.</p></section></text><history>1984, c. 749, &#xA7; 9-234; 1996, c. 77; 2001, c. 844.</history><metadata></metadata></law>
