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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65639</law_id><section_number>36-55.49</section_number><catch_line>Notes and bonds as legal investments</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="36">Housing</unit><unit label="chapter" level="2" order_by="1" identifier="1.2">Virginia Housing Development Authority Act</unit></structure><text>
						<section><p>The notes and <span class="dictionary">bonds</span> of <span class="dictionary">HDA</span> shall be legal investments in which all public officers and public bodies of this Commonwealth, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, banking associations, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in <span class="dictionary">bonds</span> or in <span class="dictionary">other obligations</span> of the Commonwealth, may properly and legally invest funds, including capital, in their control or belonging to them. The notes and <span class="dictionary">bonds</span> are also hereby made securities which may properly and legally be deposited with and received by all public officers and bodies of the Commonwealth or any agency or political subdivisions of the Commonwealth and all municipalities and public corporations for any purpose for which the deposit of <span class="dictionary">bonds</span> or <span class="dictionary">other obligations</span> of the Commonwealth is now or may hereafter be authorized by <span class="dictionary">law</span> including but not limited to security for deposits pursuant to Chapter 44 (&#xA7;&#xA0;<a class="law" title="Short title; declaration of intent; applicability" href="/2.2-4400/">2.2-4400</a> et seq.) of Title 2.2 and amendments thereto.</p></section></text><history>1972, c. 830; 1975, c. 536.</history><metadata></metadata></law>
