                                 CODE OF VIRGINIA

BONDS AS LEGAL INVESTMENTS (§ 62.1-146)

Bonds issued by the Authority under the provisions of this chapter are hereby
made securities in which all public officers and public bodies of the
Commonwealth and its political subdivisions, all 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. Such bonds are
hereby made securities which may properly and legally be deposited with and
received by any state or municipal officer or any agency or political
subdivision of the Commonwealth for any purpose for which the deposit of bonds
or obligations is now or may hereafter be authorized by law.

HISTORY: Code 1950, § 62-106.18; 1954, c. 667; 1968, c. 659.