                                 CODE OF VIRGINIA

DEPOSIT AND INVESTMENT OF FUNDS (§ 15.2-7213)

All moneys of the Authority shall be deposited as soon as practicable in a
separate account or accounts in one or more banks or trust companies organized
under the laws of the Commonwealth or national banking associations having their
principal offices in the Commonwealth. Such deposits shall be continuously
secured in accordance with the Virginia Security for Public Deposits Act (§
2.2-4400 et seq.).
		Funds of the Authority not needed for immediate use or disbursement may,
subject to the provisions of any contract between the Authority and the holders
of its bonds or any contract between the Authority and TVA, be invested in
securities that are considered lawful investments for fiduciaries.

HISTORY: 2010, cc. 117, 210.