                                 CODE OF VIRGINIA

PROCEEDS HELD (§ 15.2-6010)

The treasurer may invest and reinvest funds of the Authority pending their need.
All moneys received by the Authority pursuant to § 15.2-6009, together with any
matching funds received from state or federal sources, shall be applied and used
only in the county or city from which the funds were received, unless the
governing body of the county or city consents to their use in another county or
city.
		Moneys received pursuant to § 58.1-3713.4 may be used at the discretion of
the Authority for purposes and projects as determined by the Authority.

HISTORY: 1988, c. 833, § 15.1-1645; 1990, c. 341; 1997, c. 587.