                                 CODE OF VIRGINIA

SAME; POWERS OF COUNTY TREASURER; DEPOSIT OF MONEYS (§ 15.2-522)

The director of finance shall also exercise the powers conferred and perform the
duties imposed by general law upon county treasurers, and shall be subject to
the obligations and penalties imposed by general law. All moneys received by any
county officer or employee for or in connection with county business shall be
paid promptly into the hands of the director of finance. All such money shall be
promptly deposited by the director of finance to the credit of the county in
such banks or trust companies as the board selects. No money shall be disbursed
or paid out by the county except upon checks signed by the chairman of the
board, or such other person the board designates, and countersigned by the
director of the department of finance.
		The board may designate one or more banks or trust companies as a receiving or
collecting agency under the direction of the department of finance. All funds so
collected or received shall be deposited to the credit of the county in such
banks or trust companies as the board selects.
		Every bank or trust company serving as a depository or as a receiving or
collecting agency for county funds shall be required by the board to give
adequate security therefor and to meet such interest requirements as the board
may by ordinance or resolution establish. All interest on money so deposited
shall accrue to the county&#8217;s benefit.

HISTORY: Code 1950, § 15-288; 1959, Ex. Sess., c. 69; 1962, cc. 399, 623, §
15.1-605; 1982, c. 647; 1984, c. 485; 1997, c. 587.