                                 CODE OF VIRGINIA

COUNTY FINANCE BOARDS MAY DIRECT TREASURER TO INVEST UNDER CERTAIN CIRCUMSTANCES
(§ 58.1-3156)

Notwithstanding other provisions of this article, whenever the county finance
board determines that county or district funds would otherwise draw no interest
or draw a lesser rate of interest, the finance board may direct the county
treasurer to invest such funds in accordance with guidelines issued by the State
Treasurer.

HISTORY: Code 1950, § 58-943.2; 1954, c. 498; 1974, c. 224; 1984, c. 675; 1988,
c. 834.