                                 CODE OF VIRGINIA

BONDS TO BE LEGAL INVESTMENTS (§ 23.1-2423)

Bonds issued by the Authority under the provisions of this chapter are
securities (i) in which all public officers and public 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 state officer or
officer of a locality or agency or political subdivision of the Commonwealth for
any purpose for which the deposit of bonds or obligations is authorized by law.

HISTORY: 1996, cc. 905, 1046, § 23-50.16:30; 2016, c. 588.