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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>82882</law_id><section_number>33.2-295</section_number><catch_line>Deposit and 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="33.2">Highways and Other Surface Transportation Systems</unit><unit label="subtitle" level="2" order_by="1" identifier="I">General Provisions and Transportation Entities</unit><unit label="chapter" level="3" order_by="1" identifier="2">Transportation Entities</unit><unit label="article" level="4" order_by="1" identifier="6">Virginia Passenger Rail Authority Act</unit></structure><text>
						<section><p><span class="dictionary"><span class="dictionary">Bonds</span></span> issued by the <span class="dictionary">Authority</span> under the provisions of this article are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such <span class="dictionary"><span class="dictionary">bonds</span></span> are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of <span class="dictionary"><span class="dictionary">bonds</span></span> or obligations of the Commonwealth is now or may hereafter be authorized by <span class="dictionary">law</span>.</p></section></text><history>2020, cc. 1230, 1275.</history><metadata></metadata></law>
