                                 CODE OF VIRGINIA

FUNDS FOR PAYMENT OF PENSIONS AND BENEFITS (§ 51.1-818)

Any and all cash assets and funds not necessary for immediate payment of
pensions or benefits shall be invested in securities that are legal investments
under the laws of the Commonwealth for public sinking funds. Any funds raised by
any police officers&#8217; pension and retirement board for the payment of
pensions and benefits shall be paid over to the treasurer of such board who
shall deposit and pay the funds as provided in this section to the credit of the
board.

HISTORY: 1940, p. 739; Michie Code 1942, § 3035n; Code 1950, § 51-125; 1956,
c. 184; 1990, c. 832.