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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85480</law_id><section_number>2.2-4603</section_number><catch_line>Investment authority</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="II">Administration of State Government</unit><unit label="part" level="3" order_by="1" identifier="B">Transaction of Public Business</unit><unit label="chapter" level="4" order_by="1" identifier="46">Local Government Investment Pool Act</unit></structure><text>
						<section><p>Subject to the procedures set forth in this chapter, any local official handling public funds may invest and reinvest any money subject to his control and <span class="dictionary">jurisdiction</span> in the local government investment pool established by &#xA7;&#xA0;<a class="law" title="Local government investment pool created" href="/2.2-4602/">2.2-4602</a>.</p></section></text><history>1980, c. 538, &#xA7; 2.1-234.4; 1988, c. 834; 2001, c. 844.</history><metadata></metadata></law>
