                                 CODE OF VIRGINIA

POSITION ESTABLISHED; AGENCIES FOR WHICH RESPONSIBLE; ADDITIONAL POWERS (§
2.2-211)

A. The position of Secretary of Finance (the Secretary) is created. The
Secretary shall be responsible for the following agencies: Department of
Accounts, Department of Planning and Budget, Department of Taxation, Department
of the Treasury, Board of Accountancy, and Virginia Resources Authority. The
Governor, by executive order, may assign any other state executive agency to the
Secretary of Finance, or reassign any agency listed.

B. To the greatest extent practicable, the agencies assigned to the Secretary
shall pay all amounts due and owing by the Commonwealth through electronic
transfers of funds from the general fund or appropriate special fund to the bank
account of the payee or a party identified by law to receive funds on behalf of
the payee. All wire transfer costs associated with the electronic transfer shall
be paid by the payee subject to exemptions authorized by the State Treasurer
affecting the investment, debt, and intergovernmental transactions of the
Commonwealth and its agencies, institutions, boards, and authorities.

HISTORY: 1984, c. 720, §§ 2.1-51.32, 2.1-51.33, 2.1-51.34; 1985, c. 72; 1996,
c. 500; 2001, c. 844; 2011, cc. 798, 871; 2017, cc. 30, 31; 2024, cc. 654, 677.