                                 CODE OF VIRGINIA

SECURITIES LENDING (§ 2.2-4506)

Notwithstanding any provision of law to the contrary, the Commonwealth, all
public officers, municipal corporations, political subdivisions and all public
bodies of the Commonwealth may engage in securities lending from the portfolio
of investments of which they have custody and control, other than sinking funds.
The Treasury Board shall develop guidelines with which such securities lending
shall fully comply. Such guidelines shall ensure that the state treasury is at
all times fully collateralized by the borrowing institution.

HISTORY: 1983, c. 268, § 2.1-328.6; 2001, c. 844.