                                 CODE OF VIRGINIA

PAYMENT OF STATE FUNDS INTO STATE TREASURY; DEPOSITS IN STATE DEPOSITORIES;
CREDIT OF FUND NOT PAID INTO GENERAL FUND; EXCEPTIONS AS TO ENDOWMENTS AND GIFTS
TO INSTITUTIONS; APPROPRIATIONS BY FEDERAL GOVERNMENT (§ 2.2-1802)

Every state department, division, officer, board, commission, institution or
other agency owned or controlled by the Commonwealth, whether at the seat of
government or not, collecting or receiving public funds, or moneys from any
source, belonging to or for the use of the Commonwealth, or for the use of any
state agency, shall hereafter pay the same promptly into the state treasury. All
fees of office and commissions accruing to the State Treasurer shall be paid
into the state treasury.
		Any state department, division, officer, board, commission, institution or
other agency at the seat of government shall deposit such moneys to the credit
of the State Treasurer upon communicating with him and receiving instructions
from him as to what state depository may be used for the purpose. In every such
case the depositor shall retain a deposit receipt or a deposit certificate form
certified by the bank receiving the deposit for every such deposit to the State
Treasurer and send to the Comptroller a copy of the deposit receipt,
certificate, or other documentation supporting the deposit, as prescribed by the
Comptroller.
		Any state department, division, officer, board, commission, institution or
other agency not at the seat of government, other than county and city
treasurers and clerks of courts, depositing such moneys to its or his credit in
local banks shall deposit such moneys to the credit of the State Treasurer in a
state depository duly designated in accordance with this chapter, and in every
such case the depositor shall retain a deposit receipt or a deposit certificate
form certified by the bank receiving the deposit for every deposit to the State
Treasurer and send to the Comptroller a copy of the deposit receipt,
certificate, or other documentation supporting the deposit, as prescribed by the
Comptroller. Moneys deposited into such state depositories shall be transferred
to a concentration bank as prescribed by the State Treasurer.
		Moneys paid into the state treasury that are not now payable into the general
fund of the state treasury shall be placed to the credit of the respective
accounts that are required by law to be kept on the books of the Comptroller or
to the credit of new accounts to be opened on the books of the Comptroller with
such agencies so paying such moneys into the state treasury, respectively.
		This chapter shall not apply to the endowment funds or gifts to institutions
owned or controlled by the Commonwealth, or to the income from such endowment
funds or gifts, or to private funds belonging to the students or inmates of
state institutions. The cash as well as the notes of student loan funds shall be
held by the respective institutions.
		Appropriations made by the government of the United States to or for the
benefit of any state institution or agency, however, shall be paid into the
state treasury and used for the purposes for which such appropriations were
made.

HISTORY: Code 1950, §§ 2-150, 14-16; 1964, c. 386, § 14.1-15; 1966, c. 677,
§ 2.1-180; 1988, c. 260; 1992, c. 326; 1998, c. 872; 2001, c. 844.