                                 CODE OF VIRGINIA

ESTABLISHMENT OF FUNDS FOR ACCOUNTING AND BUDGETING; SEPARATE DEPOSITORY AND
INVESTMENT ACCOUNTS NOT REQUIRED (§ 15.2-2501)

Every locality and school division shall establish such funds as may be required
by law and as may otherwise be deemed necessary to provide appropriate
accounting and budgetary control over the activities and affairs of the locality
or school division. This section shall not be construed to require separate
depository or investment accounts for the assets of each fund.

HISTORY: 1997, c. 587.