CODE OF VIRGINIA

ACCEPTING AND EXPENDING CERTAIN FUNDS ON BEHALF OF CHILDREN PLACED BY OR
ENTRUSTED TO LOCAL BOARD WHEN NO GUARDIAN APPOINTED; DISPOSITION OF FUNDS WHEN
CHILDREN DISCHARGED (§ 63.2-320)

A local board is authorized and empowered to accept and expend on behalf of and
for the benefit of any child placed by it where legal custody remains with the
parents or guardians, committed or entrusted to its care under §§ 63.2-900 and
63.2-903, when no guardian has been appointed, funds or money paid or tendered
as pension, compensation, insurance or other benefit from the U.S. Department of
Veterans Affairs or under the Railroad Retirement Act or the old age and
survivors’ insurance provisions of the Social Security Act, as amended, or
funds contributed or paid by parents or other persons for the support of such
child, and the local board may, from any such funds received, provide for the
current or future maintenance of such child.Whenever any child is discharged by
the local board all such funds held by the local board shall be paid to the
child’s guardian if such funds exceed $ 1,000 upon such guardian posting
bond as may be required by law, or disbursed in accordance with § 8.01-606, if
the sum does not exceed $ 1,000.

HISTORY: Code 1950, § 63-73.1; 1954, c. 224; 1958, c. 239; 1968, c. 578, §
63.1-57; 1994, c. 865; 2002, c. 747.