CODE OF VIRGINIA

INVESTMENT OF FUNDS BY THE COMMONWEALTH AND POLITICAL SUBDIVISIONS IN
BANKERS’ ACCEPTANCES (§ 2.2-4504)

Notwithstanding any provisions of law to the contrary, all public officers,
municipal corporations, other political subdivisions and all other public bodies
of the Commonwealth may invest any and all moneys belonging to them or within
their control other than sinking funds in bankers’ acceptances.

HISTORY: 1981, c. 18, § 2.1-328.3; 1988, c. 834; 2001, c. 844.