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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>81001</law_id><section_number>23.1-1212</section_number><catch_line>Investment of funds</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="23.1">Institutions of Higher Education; Other Educational and Cultural Institutions</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Management and Financing</unit><unit label="chapter" level="3" order_by="1" identifier="12">Virginia College Building Authority</unit><unit label="article" level="4" order_by="1" identifier="1">General Provisions; Powers and Duties</unit></structure><text>
						<section><p>Any moneys or funds held by the Authority or the trustee under any trust indenture under the provisions of this article may be invested and reinvested in securities that are legal investments under the <span class="dictionary">laws</span> of the Commonwealth for moneys or funds held by fiduciaries.</p></section></text><history>1966, c. 685, &#xA7; 23-30.30; 2016, c. 588.</history><metadata></metadata></law>
