                                 CODE OF VIRGINIA

LEGAL REPRESENTATION IN CRIMINAL MATTERS (§ 51.1-124.28)

Upon the acquittal, dismissal of charges, nolle prosequi, or any other final
disposition concluding the innocence of any trustee, advisory committee member,
officer, or employee of the Retirement System brought before any regulatory
body, summoned before any grand jury, investigated by any law-enforcement
agency, arrested, indicted, or otherwise prosecuted on any criminal charge
arising out of any act committed in the discharge of his official duties which
alleges a violation of state or federal securities laws, the Board may reimburse
all or part of the cost of employing legal counsel and such other costs as are
demonstrated to have been reasonably necessary for his defense. The Board shall
provide for the payment of such legal fees and expenses out of funds
appropriated for the administration of the Retirement System.

HISTORY: 1997, c. 821.