                                 CODE OF VIRGINIA

BONDS LEGAL INVESTMENTS; DEPOSIT WITH PUBLIC AGENCIES (§ 15.2-5362)

Bonds issued by the authority under the provisions of this chapter are hereby
made securities in which all public officers and public bodies of the
Commonwealth and all its political subdivisions, all insurance companies, trust
companies, banking associations, investment companies, executors, trustees and
other fiduciaries may properly and legally invest funds, including capital in
their control or belonging to them. Such bonds are hereby made securities which
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 bonds or obligations of the Commonwealth is
now or may hereafter be authorized by law.

HISTORY: Code 1950, § 32-271.6; 1973, c. 462, § 15.1-1597; 1979, c. 719; 1997,
c. 587.