                                 CODE OF VIRGINIA

BONDS MADE LAWFUL INVESTMENTS (§ 23.1-1215)

All bonds issued by the Authority under the provisions of this article are
securities (i) in which all public officers and bodies of the Commonwealth and
its localities and political subdivisions and all insurance companies and
associations, savings banks and savings institutions, including savings and loan
associations, commercial banks and trust companies, beneficial and benevolent
associations, administrators, guardians, executors, trustees, and other
fiduciaries in the Commonwealth may properly and legally invest funds under
their control and (ii) that may properly and legally be deposited with and
received by any state officer or officer of a locality or any agency or
political subdivision of the Commonwealth for any purpose for which the deposit
of bonds or obligations is authorized by law.

HISTORY: 1964, c. 607, § 23-30.34; 1966, c. 685; 2016, c. 588.