                                 CODE OF VIRGINIA

BONDS AS LEGAL INVESTMENTS (§ 23.1-1235)

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 political subdivisions, 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 and (ii) that may properly and legally be
deposited with and received by any officer of the Commonwealth or any of its
localities or any agency or political subdivision of the Commonwealth for any
lawful purpose.

HISTORY: 1972, c. 686, § 23-30.55; 2016, c. 588.