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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>54695</law_id><section_number>2.2-2362</section_number><catch_line>Moneys of Authority; examination of books by the Auditor of Public Accounts</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="11">Commonwealth of Virginia Innovation Partnership Act</unit></structure><text>
						<section><p>All moneys of the <span class="dictionary">Authority</span>, from whatever source derived, shall be paid to the treasurer of the <span class="dictionary">Authority</span>. Such moneys shall be deposited in the first instance by the treasurer in one or more banks or trust companies, in one or more special accounts. All banks and trust companies are authorized to give such security for such deposits, if required by the <span class="dictionary">Authority</span>. The moneys in such accounts shall be paid out on the warrant or other <span class="dictionary">order</span> of the treasurer of the <span class="dictionary">Authority</span> or of other persons as the <span class="dictionary">Authority</span> may authorize to execute such warrants or <span class="dictionary">orders</span>. The Auditor of Public Accounts or his legally authorized representatives shall examine the accounts and books of the <span class="dictionary">Authority</span>.</p></section></text><history>2020, cc. 1164, 1169.</history><metadata></metadata></law>
