§ 22.1-161.4 Disposition of proceeds from sale of bonds; separate fund
All proceeds received from the sale of the bonds issued under the provisions of this chapter shall be paid to the treasurer or chief financial officer of the county, city or town, who shall promptly deposit such funds in a bank or banks as prescribed by general law. He shall account for such money through a fund, separate from all other funds, in the system of accounting.
History
This law was first created in 1995. The record of its establishment is cataloged in chapter 250 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
1995, c. 250.