{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/51.1-818.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/51.1-818.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/51.1-818.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/51.1-818.html"}],"law_id":367208,"edition_id":2,"section_id":367208,"structure_id":52319,"section_number":"51.1-818","catch_line":"Funds for payment of pensions and benefits","history":"1940, p. 739; Michie Code 1942, \u00a7 3035n; Code 1950, \u00a7 51-125; 1956, c. 184; 1990, c. 832.","full_text":"Any and all cash assets and funds not necessary for immediate payment of pensions or benefits shall be invested in securities that are legal investments under the laws of the Commonwealth for public sinking funds. Any funds raised by any police officers&#8217; pension and retirement board for the payment of pensions and benefits shall be paid over to the treasurer of such board who shall deposit and pay the funds as provided in this section to the credit of the board.\n\n","order_by":null,"text":{"0":{"id":1367216,"text":"Any and all cash assets and funds not necessary for immediate payment of pensions or benefits shall be invested in securities that are legal investments under the laws of the Commonwealth for public sinking funds. Any funds raised by any police officers&#8217; pension and retirement board for the payment of pensions and benefits shall be paid over to the treasurer of such board who shall deposit and pay the funds as provided in this section to the credit of the board.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52319,"edition_id":2,"name":"Members of Police Departments","identifier":"2","label":"article","depth":3,"order_by":2,"parent_id":52317,"metadata":{"child_laws":14,"child_structures":0},"date_created":"2026-08-02 02:57:35","date_modified":"2026-08-02 12:34:36","permalink":{"id":1463317,"object_type":"structure","relational_id":52319,"identifier":"2","token":"51.1\/8\/2","url":"\/51.1\/8\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52317,"edition_id":2,"name":"Local Retirement Systems","identifier":"8","label":"chapter","depth":2,"order_by":11,"parent_id":52280,"metadata":{"child_laws":25,"child_structures":3},"date_created":"2026-08-02 02:57:34","date_modified":"2026-08-02 12:34:35","permalink":{"id":1463281,"object_type":"structure","relational_id":52317,"identifier":"8","token":"51.1\/8","url":"\/51.1\/8\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52280,"edition_id":2,"name":"Pensions, Benefits, and Retirement","identifier":"51.1","label":"title","depth":1,"order_by":109,"parent_id":null,"metadata":{"child_laws":320,"child_structures":41},"date_created":"2026-08-02 02:57:03","date_modified":"2026-08-02 12:34:31","permalink":{"id":1462031,"object_type":"structure","relational_id":52280,"identifier":"51.1","token":"51.1","url":"\/51.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":367197,"structure_id":52319,"section_number":"51.1-807","catch_line":"Police officers' pension and retirement boards","url":"\/51.1-807\/","token":"51.1\/8\/2\/51.1-807","metadata":false},{"id":367198,"structure_id":52319,"section_number":"51.1-808","catch_line":"Powers, authority, and duties of board","url":"\/51.1-808\/","token":"51.1\/8\/2\/51.1-808","metadata":false},{"id":367199,"structure_id":52319,"section_number":"51.1-809","catch_line":"Treasurer of board","url":"\/51.1-809\/","token":"51.1\/8\/2\/51.1-809","metadata":false},{"id":367200,"structure_id":52319,"section_number":"51.1-810","catch_line":"Time credited to service record","url":"\/51.1-810\/","token":"51.1\/8\/2\/51.1-810","metadata":false},{"id":367201,"structure_id":52319,"section_number":"51.1-811","catch_line":"Eligibility for retirement; retirement allowance","url":"\/51.1-811\/","token":"51.1\/8\/2\/51.1-811","metadata":false},{"id":367202,"structure_id":52319,"section_number":"51.1-812","catch_line":"Disability from natural causes not originating in performance of official duties","url":"\/51.1-812\/","token":"51.1\/8\/2\/51.1-812","metadata":false},{"id":367203,"structure_id":52319,"section_number":"51.1-813","catch_line":"Disability resulting from activities in discharge of official duties","url":"\/51.1-813\/","token":"51.1\/8\/2\/51.1-813","metadata":false},{"id":367204,"structure_id":52319,"section_number":"51.1-814","catch_line":"Employing such presumption in determining eligibility for benefits","url":"\/51.1-814\/","token":"51.1\/8\/2\/51.1-814","metadata":false},{"id":367205,"structure_id":52319,"section_number":"51.1-815","catch_line":"Counties, cities, and towns authorized to provide relief to surviving spouse and children","url":"\/51.1-815\/","token":"51.1\/8\/2\/51.1-815","metadata":false},{"id":367206,"structure_id":52319,"section_number":"51.1-816","catch_line":"Reduction of pension and benefits where income earned during disability retirement","url":"\/51.1-816\/","token":"51.1\/8\/2\/51.1-816","metadata":false},{"id":367207,"structure_id":52319,"section_number":"51.1-817","catch_line":"Salary deductions payable to estate or refunded","url":"\/51.1-817\/","token":"51.1\/8\/2\/51.1-817","metadata":false},{"id":367208,"structure_id":52319,"section_number":"51.1-818","catch_line":"Funds for payment of pensions and benefits","url":"\/51.1-818\/","token":"51.1\/8\/2\/51.1-818","metadata":{"court_decisions":""}},{"id":367209,"structure_id":52319,"section_number":"51.1-819","catch_line":"Adoption of article optional by counties, cities, and towns; appeal","url":"\/51.1-819\/","token":"51.1\/8\/2\/51.1-819","metadata":false},{"id":367210,"structure_id":52319,"section_number":"51.1-820","catch_line":"Police officers' pensions and retirements","url":"\/51.1-820\/","token":"51.1\/8\/2\/51.1-820","metadata":false}],"previous_section":{"id":367207,"structure_id":52319,"section_number":"51.1-817","catch_line":"Salary deductions payable to estate or refunded","url":"\/51.1-817\/","token":"51.1\/8\/2\/51.1-817","metadata":false},"next_section":{"id":367209,"structure_id":52319,"section_number":"51.1-819","catch_line":"Adoption of article optional by counties, cities, and towns; appeal","url":"\/51.1-819\/","token":"51.1\/8\/2\/51.1-819","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.1-818\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 184; in 1990, chapter 832.<\/p>","references":false,"refers_to":false,"permalink":{"id":1463363,"object_type":"law","relational_id":367208,"identifier":"51.1-818","token":"51.1\/8\/2\/51.1-818","url":"\/51.1-818\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/51.1-818\/","token":"51.1\/8\/2\/51.1-818","dublin_core":{"Title":"Funds for payment of pensions and benefits","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.1-818","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any and all cash <span class=\"dictionary\">assets<\/span> and funds not necessary for immediate payment of pensions or benefits shall be invested in securities that are legal investments under the <span class=\"dictionary\">laws<\/span> of the Commonwealth for public sinking funds. Any funds raised by any police officers&#8217; pension and retirement board for the payment of pensions and benefits shall be paid over to the treasurer of such board who shall deposit and pay the funds as provided in this section to the credit of the board.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nFUNDS FOR PAYMENT OF PENSIONS AND BENEFITS (\u00a7 51.1-818)\n\nAny and all cash assets and funds not necessary for immediate payment of\npensions or benefits shall be invested in securities that are legal investments\nunder the laws of the Commonwealth for public sinking funds. Any funds raised by\nany police officers&#8217; pension and retirement board for the payment of\npensions and benefits shall be paid over to the treasurer of such board who\nshall deposit and pay the funds as provided in this section to the credit of the\nboard.\n\nHISTORY: 1940, p. 739; Michie Code 1942, \u00a7 3035n; Code 1950, \u00a7 51-125; 1956,\nc. 184; 1990, c. 832.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}