Va. Code Ann. § 2.2-4505
This is the official text of Va. Code Ann. § 2.2-4505, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Investment in certificates representing ownership of treasury bond principal at maturity or its coupons for accrued periods
Official statutory text
Notwithstanding any provision of law to the contrary, the Commonwealth, 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, in certificates representing ownership of either treasury bond principal at maturity or its coupons for accrued periods. The underlying United States Treasury bonds or coupons shall be held by a third-party independent of the seller of such certificates.
1983, c. 117, § 2.1-328.5; 1985, c. 352; 1988, c. 834; 2001, c. 844 .
1983, c. 117, § 2.1-328.5; 1985, c. 352; 1988, c. 834; 2001, c. 844 .
Status: in_force · Read it on the official government site
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