Va. Code Ann. § 2.2-4506
This is the official text of Va. Code Ann. § 2.2-4506, 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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Securities lending
Official statutory text
Notwithstanding any provision of law to the contrary, the Commonwealth, all public officers, municipal corporations, political subdivisions and all public bodies of the Commonwealth may engage in securities lending from the portfolio of investments of which they have custody and control, other than sinking funds. The Treasury Board shall develop guidelines with which such securities lending shall fully comply. Such guidelines shall ensure that the state treasury is at all times fully collateralized by the borrowing institution.
1983, c. 268, § 2.1-328.6; 2001, c. 844 .
1983, c. 268, § 2.1-328.6; 2001, c. 844 .
Status: in_force · Read it on the official government site
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