The bonds issued pursuant to this chapter shall be legal and authorized investments for banks, savings institutions, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, guardians and for all public funds of the Commonwealth or other political subdivisions of the Commonwealth. Such bonds shall be eligible to secure the deposit of public funds of the Commonwealth and public funds of counties, cities, towns, school districts or other political subdivisions of the Commonwealth. In addition, the bonds shall be lawful and sufficient security for deposits to the extent of their value when accompanied by all unmatured coupons.
1986, c. 498, § 10-112.1; 1988, c. 891; 1996, c. 77.
Structure Code of Virginia
Chapter 3 - State Park Development Revenue Bond Act
§ 10.1-301. General powers of Director
§ 10.1-302. Payment of cost of camping and recreational facilities
§ 10.1-303. Revenue bonds; form and requirements
§ 10.1-304. Sale and proceeds of revenue bonds; additional or temporary bonds
§ 10.1-305. Bonds not to constitute debt of Commonwealth
§ 10.1-306. Trust indenture; provisions applicable to bond resolution
§ 10.1-309. Remedies of bondholders and trustee
§ 10.1-310. All moneys received to be trust funds; disbursements