7797932.2-2416Virginia Decodedhttps://vacode.org2016Administration Of GovernmentOrganization Of State GovernmentState Authorities, Boards, Commissions, Councils, Foundations And Other Collegial BodiesBoardsTreasury BoardPowers and duties of Treasury BoardCode 1950, § 2-149.2; 1966, c. 677, § 2.1-179; 1979, c. 215; 1984, c. 720; 1987, cc. 210, 211, 242; 1988, c. 258; 1990, c. 712; 1991, c. 578; 1996, cc. 636, 656; 1998, cc. 39, 784; 2001, c. 844.http://law.lis.virginia.gov/vacode/2.2-2416//2.2-2416/2.2/I/D/24/8/2.2-241615.2-580623-1923-50.16:2523.1-110623.1-241833.2-1514The Board shall have the power and duty to:section1 Exercise general supervision over all investments of state funds;section112 Give advice and supervision in the financing of state buildings and to make recommendations, as requested, to the Governor on methods by which capital outlay requirements of the Commonwealth, including its agencies and institutions, may be financed;section222 Control and manage all sinking funds and other funds in possession of the Commonwealth in a fiduciary capacity;section332 Administer the Virginia Security for Public Deposits Act (§2.2-4400 et seq.);section442 Make recommendations to the Governor, notwithstanding any provisions to the contrary, on proposed bond issues or other financing arrangements; approve the terms and structure of bonds or other financing arrangements executed by or for the benefit of educational institutions and state agencies other than independent state authorities, including bonds or other financing arrangements secured by leases, lease purchase agreements, financing leases, capital leases or other similar agreements; and agreements relating to the sale of bonds;section552 Approve, notwithstanding any provisions to the contrary, the terms and structure of bonds or other financing arrangements executed by or for the benefit of state agencies, boards and authorities where debt service payments on such bonds or other financing arrangements are expected by such agency, board or authority to be made, in whole or in part, directly or indirectly, from appropriations of the Commonwealth, including bonds or other financing arrangements secured by leases, lease purchase agreements, financing leases, capital leases or other similar agreements, and agreements relating to the sale of bonds;section772 Do all acts and things necessary or convenient to efficiently carry out and enforce the powers granted to and duties imposed on it by law, including delegating to the State Treasurer or to a committee composed of not less than three members of the Board such powers and duties, as it deems proper, to the extent designated and permitted by the Board;section992 Exercise such other powers and perform such other duties conferred or imposed upon it by law, including the local government investment pool authorized by Chapter 46 (§ 2.2-4600 et seq.) of this title; andsection10102