                                 CODE OF VIRGINIA

BONDS AS LEGAL INVESTMENTS AND SECURITIES (§ 2.2-2307)

The bonds issued by the Authority in accordance with this article shall be legal
investments in which all public officers or public bodies of the Commonwealth,
its political subdivisions, all municipalities and municipal subdivisions, all
insurance companies and associations and other persons carrying on insurance
business, all banks, bankers, banking associations, trust companies, savings
institutions, building and loan associations, and investment companies, all
administrators, guardians, executors, trustees and other fiduciaries, and all
other persons who are now or may later be authorized to invest in bonds or in
other obligations of the Commonwealth, may invest funds, including capital, in
their control or belonging to them. The bonds shall also be securities that may
be deposited with and received by all public officers and bodies of the
Commonwealth or any agency or political subdivision of the Commonwealth and all
municipalities and public corporations for any purpose for which the deposit of
bonds or other obligations of the Commonwealth is now or may be later authorized
by law.

HISTORY: 1984, c. 749, § 9-234; 1996, c. 77; 2001, c. 844.