                                 CODE OF VIRGINIA

INVESTMENT OF FUNDS IN OVERNIGHT, TERM AND OPEN REPURCHASE AGREEMENTS (§
2.2-4507)

Notwithstanding any provision of law to the contrary, the Commonwealth, all
public officers, municipal corporations, other political subdivisions and all
other public bodies of the Commonwealth, may invest any and all moneys belonging
to them or within their control in overnight, term and open repurchase
agreements that are collateralized with securities that are approved for direct
investment.

HISTORY: 1985, c. 352, § 2.1-328.8; 1988, c. 834; 2001, c. 844.