{"law_id":"771529","section_number":"2.2-4512","catch_line":"Investment of funds by State Treasurer in obligations of foreign sovereign governments","history":"1988, c. 461, \u00a7 2.1-328.11; 2001, c. 844.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/2.2-4512\/","refers_to":false,"url":"\/2.2-4512\/","token":"2.2\/II\/B\/45\/2.2-4512","structure":{"1":{"id":"1504","name":"Investment Of Public Funds Act","identifier":"45","label":"chapter","url":"\/2.2\/II\/B\/45\/"},"2":{"id":"343","name":"Transaction Of Public Business","identifier":"B","label":"part","url":"\/2.2\/II\/B\/"},"3":{"id":"342","name":"Administration Of State Government","identifier":"II","label":"subtitle","url":"\/2.2\/II\/"},"4":{"id":"74","name":"Administration Of Government","identifier":"2.2","label":"title","url":"\/2.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"771529","structure_id":"1504","full_text":"Notwithstanding any provision of law to the contrary, the State Treasurer may invest unexpended or excess moneys in any fund or account over which he has custody and control, other than sinking funds, in fully hedged debt obligations of sovereign governments and companies that are fully guaranteed by such sovereign governments, with a rating of at least AAA by Moody’s Investors Service, Inc., and a rating of at least AAA by Standard and Poors, Inc., and a maturity of no more than five years.Not more than ten percent of the total funds of the Commonwealth available for investment may be invested in the manner described in this section.","text":{"0":{"id":"2486951","text":"Notwithstanding any provision of law to the contrary, the State Treasurer may invest unexpended or excess moneys in any fund or account over which he has custody and control, other than sinking funds, in fully hedged debt obligations of sovereign governments and companies that are fully guaranteed by such sovereign governments, with a rating of at least AAA by Moody’s Investors Service, Inc., and a rating of at least AAA by Standard and Poors, Inc., and a maturity of no more than five years.Not more than ten percent of the total funds of the Commonwealth available for investment may be invested in the manner described in this section.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"1504","name":"Investment Of Public Funds Act","identifier":"45","label":"chapter","url":"\/2.2\/II\/B\/45\/"},"2":{"id":"343","name":"Transaction Of Public Business","identifier":"B","label":"part","url":"\/2.2\/II\/B\/"},"3":{"id":"342","name":"Administration Of State Government","identifier":"II","label":"subtitle","url":"\/2.2\/II\/"},"4":{"id":"74","name":"Administration Of Government","identifier":"2.2","label":"title","url":"\/2.2\/"}},"structure_contents":{"0":{"id":"791960","structure_id":"1504","section_number":"2.2-4500","catch_line":"Legal investments for public sinking funds","url":"\/2.2-4500\/","token":"2.2\/II\/B\/45\/2.2-4500"},"1":{"id":"767395","structure_id":"1504","section_number":"2.2-4501","catch_line":"Legal investments for other public funds","url":"\/2.2-4501\/","token":"2.2\/II\/B\/45\/2.2-4501"},"2":{"id":"793473","structure_id":"1504","section_number":"2.2-4502","catch_line":"Investment of funds of Commonwealth, political subdivisions, and public bodies in \"prime quality\" commercial paper","url":"\/2.2-4502\/","token":"2.2\/II\/B\/45\/2.2-4502"},"3":{"id":"781210","structure_id":"1504","section_number":"2.2-4503","catch_line":"Investments by Fairfax County finance director [Not set out.]","url":"\/2.2-4503\/","token":"2.2\/II\/B\/45\/2.2-4503"},"4":{"id":"778229","structure_id":"1504","section_number":"2.2-4504","catch_line":"Investment of funds by the Commonwealth and political subdivisions in bankers' acceptances","url":"\/2.2-4504\/","token":"2.2\/II\/B\/45\/2.2-4504"},"5":{"id":"771794","structure_id":"1504","section_number":"2.2-4505","catch_line":"Investment in certificates representing ownership of treasury bond principal at maturity or its coupons for accrued periods","url":"\/2.2-4505\/","token":"2.2\/II\/B\/45\/2.2-4505"},"6":{"id":"767479","structure_id":"1504","section_number":"2.2-4506","catch_line":"Securities lending","url":"\/2.2-4506\/","token":"2.2\/II\/B\/45\/2.2-4506"},"7":{"id":"786733","structure_id":"1504","section_number":"2.2-4507","catch_line":"Investment of funds in overnight, term and open repurchase agreements","url":"\/2.2-4507\/","token":"2.2\/II\/B\/45\/2.2-4507"},"8":{"id":"786587","structure_id":"1504","section_number":"2.2-4508","catch_line":"Investment of certain public moneys in certain mutual funds","url":"\/2.2-4508\/","token":"2.2\/II\/B\/45\/2.2-4508"},"9":{"id":"785939","structure_id":"1504","section_number":"2.2-4509","catch_line":"Investment of funds in negotiable certificates of deposit and negotiable bank deposit notes","url":"\/2.2-4509\/","token":"2.2\/II\/B\/45\/2.2-4509"},"10":{"id":"787666","structure_id":"1504","section_number":"2.2-4510","catch_line":"Investment of funds in corporate notes","url":"\/2.2-4510\/","token":"2.2\/II\/B\/45\/2.2-4510"},"11":{"id":"766496","structure_id":"1504","section_number":"2.2-4511","catch_line":"Investment of funds in asset-backed securities","url":"\/2.2-4511\/","token":"2.2\/II\/B\/45\/2.2-4511"},"12":{"id":"771529","structure_id":"1504","section_number":"2.2-4512","catch_line":"Investment of funds by State Treasurer in obligations of foreign sovereign governments","url":"\/2.2-4512\/","token":"2.2\/II\/B\/45\/2.2-4512"},"13":{"id":"793919","structure_id":"1504","section_number":"2.2-4513","catch_line":"Investments by transportation commissions","url":"\/2.2-4513\/","token":"2.2\/II\/B\/45\/2.2-4513"},"14":{"id":"772339","structure_id":"1504","section_number":"2.2-4514","catch_line":"Commonwealth and its political subdivisions as trustee of public funds; standard of care in investing such funds","url":"\/2.2-4514\/","token":"2.2\/II\/B\/45\/2.2-4514"},"15":{"id":"793009","structure_id":"1504","section_number":"2.2-4515","catch_line":"Collateral and safekeeping arrangements","url":"\/2.2-4515\/","token":"2.2\/II\/B\/45\/2.2-4515"},"16":{"id":"774191","structure_id":"1504","section_number":"2.2-4516","catch_line":"Liability of treasurers or public depositors","url":"\/2.2-4516\/","token":"2.2\/II\/B\/45\/2.2-4516"},"17":{"id":"796121","structure_id":"1504","section_number":"2.2-4517","catch_line":"Contracts on interest rates, currency, cash flow or on other basis","url":"\/2.2-4517\/","token":"2.2\/II\/B\/45\/2.2-4517"},"18":{"id":"786301","structure_id":"1504","section_number":"2.2-4518","catch_line":"Investment of funds in deposits","url":"\/2.2-4518\/","token":"2.2\/II\/B\/45\/2.2-4518"},"19":{"id":"776698","structure_id":"1504","section_number":"2.2-4519","catch_line":"Investment of funds by the Virginia Housing Development Authority and the Virginia Resources Authority","url":"\/2.2-4519\/","token":"2.2\/II\/B\/45\/2.2-4519"}},"previous_section":{"id":"766496","structure_id":"1504","section_number":"2.2-4511","catch_line":"Investment of funds in asset-backed securities","url":"\/2.2-4511\/","token":"2.2\/II\/B\/45\/2.2-4511"},"next_section":{"id":"793919","structure_id":"1504","section_number":"2.2-4513","catch_line":"Investments by transportation commissions","url":"\/2.2-4513\/","token":"2.2\/II\/B\/45\/2.2-4513"},"references":false,"formats":{"txt":"\/2.2-4512.txt","json":"\/2.2-4512.json","xml":"\/2.2-4512.xml"},"dublin_core":{"Title":"Investment of funds by State Treasurer in obligations of foreign sovereign governments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-4512","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nINVESTMENT OF FUNDS BY STATE TREASURER IN OBLIGATIONS OF FOREIGN SOVEREIGN\nGOVERNMENTS (\u00a7 2.2-4512)\n\nNotwithstanding any provision of law to the contrary, the State Treasurer may\ninvest unexpended or excess moneys in any fund or account over which he has\ncustody and control, other than sinking funds, in fully hedged debt obligations\nof sovereign governments and companies that are fully guaranteed by such\nsovereign governments, with a rating of at least AAA by Moody’s Investors\nService, Inc., and a rating of at least AAA by Standard and Poors, Inc., and a\nmaturity of no more than five years.Not more than ten percent of the total funds\nof the Commonwealth available for investment may be invested in the manner\ndescribed in this section.\n\nHISTORY: 1988, c. 461, \u00a7 2.1-328.11; 2001, c. 844."}