                                 CODE OF VIRGINIA

RESPONSIBILITY OF COMMONWEALTH FOR SECURITIES DEPOSITED WITH COMMONWEALTH
TRANSPORTATION BOARD (§ 2.2-1818)

The Commonwealth shall be responsible for the safekeeping of all bonds or other
securities deposited with the Commissioner of Highways or the Commonwealth
Transportation Board as surety on account of funds deposited in banks by
division engineers of the Department of Transportation. If such bonds or
securities or any of them are lost, destroyed or misappropriated, the
Commonwealth shall make good such loss to the bank making the deposit of its
bonds or other securities.
		Upon the closing of accounts of district engineers with banks, its bonds and
other securities then on deposit shall be returned to the bank.

HISTORY: Code 1950, § 2-192; 1966, c. 677, § 2.1-223; 2001, c. 844.