                                 CODE OF VIRGINIA

BONDS MADE SECURITIES FOR INVESTMENT AND DEPOSIT (§ 2.2-2269)

Bonds issued by the Authority under the provisions of this article shall be
securities in which all public officers and public bodies of the Commonwealth
and its political subdivisions, all insurance companies, trust companies,
banking associations, investment companies, executors, administrators, trustees,
and other fiduciaries may properly and legally invest funds, including capital
in their control or belonging to them. Such bonds shall be securities that may
properly and legally be deposited with and received by any state or municipal
officer or any agency or political subdivision of the Commonwealth for any
purpose for which the deposit of bonds or obligations of the Commonwealth is now
or may be authorized by law.

HISTORY: 1981, c. 569, § 2.1-234.19; 2001, c. 844.