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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62938</law_id><section_number>51.1-124.31</section_number><catch_line>Pooling of assets for investment</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="51.1">Pensions, Benefits, and Retirement</unit><unit label="chapter" level="2" order_by="1" identifier="1">Virginia Retirement System</unit><unit label="article" level="3" order_by="1" identifier="3.1">Investments</unit></structure><text>
						<section><p>The <span class="dictionary">Board</span> may invest the <span class="dictionary">assets</span> of any <span class="dictionary">retirement system</span> or program it administers on a pooled or consolidated basis. The <span class="dictionary">Board</span> shall maintain a separate accounting of the funds of each of the <span class="dictionary">retirement systems</span> and programs.</p></section></text><history>Code 1950, &#xA7;&#xA7; 51-140, 51-141, 51-149, 51-166; 1950, p. 885; 1954, c. 139; 1966, c. 628; 1970, c. 779; 1972, c. 151; 1990, c. 832, &#xA7; 51.1-115; 1994, cc. 4, 85; 2000, c. 911.</history><metadata></metadata></law>
