                                 CODE OF VIRGINIA

INVESTMENT OF FUNDS BELONGING TO PRISONERS; USE OF INCOME (§ 53.1-44)

Portions of the funds held by the Director or by any state correctional
facility, which belong to prisoners may, in the discretion of the Director, be
invested in bonds of the Commonwealth of Virginia or of the United States or in
federally-insured investments. In determining how to invest the funds, the
Director shall balance any long-term investments with those which permit ready
accessibility to the funds. Any income or increment of increase received from
the bonds or investments may be used by the Director for the benefit of the
prisoners under his care.

HISTORY: Code 1950, § 53-223; 1970, c. 648; 1982, c. 636.