                                 CODE OF VIRGINIA

BONDS LEGAL INVESTMENTS (§ 15.2-5614)

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

HISTORY: Code 1950, § 15-714.27; 1962, c. 393, § 15, § 15.1-1285; 1997, c.
587.