All funds appropriated to a trust or equivalent arrangement for postemployment benefits other than pensions, as defined in § 15.2-1545, and all funds accrued from the investment of any such funds that are on hand at any time and are not necessary for immediate payment of benefits shall be invested by the finance board, by any person or entity serving as an alternative thereto pursuant to § 15.2-1547, or by an investment manager who is serving as a trustee of the funds. All such funds shall be invested in accordance with the prudent person standard established by § 51.1-803 and such investments shall not be limited by Chapter 45 (§ 2.2-4500 et seq.) of Title 2.2.
2007, c. 710.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
§ 15.2-1500. Organization of local government
§ 15.2-1500.1. Employment discrimination prohibited; sexual orientation or gender identity
§ 15.2-1501. Designation of officers to perform certain duties
§ 15.2-1502. Employment of certain deputies and assistants; delegation of powers and duties
§ 15.2-1503. Tenure of officers and employees; suspension or removal
§ 15.2-1503.1. Background checks required for certain employees and licensees
§ 15.2-1504. Use of tobacco products by government employees
§ 15.2-1505. Employment based on residency prohibited for certain employees
§ 15.2-1505.1. Applicant preemployment information
§ 15.2-1505.2. Personnel policies related to the use of public property
§ 15.2-1507. Provision of grievance procedure; training programs
§ 15.2-1507.1. Appointment of standing panel in certain counties
§ 15.2-1508. Bonuses for employees of local governments
§ 15.2-1508.1. Traveling expenses on business of town, city or county
§ 15.2-1508.2. Same; where Commonwealth bears portion of expenses
§ 15.2-1509. Preferences for veterans and people with disabilities in local government employment
§ 15.2-1510. Retirement systems
§ 15.2-1510.1. Public announcement of severance packages for certain officials
§ 15.2-1511. Allowances to injured officials and employees and their dependents
§ 15.2-1511.01. Allowances to injured deputy sheriffs
§ 15.2-1511.1. Written benefit information to certain employees
§ 15.2-1512.3. Telecommuting by local government employees
§ 15.2-1512.4. Rights of local employees to contact elected officials
§ 15.2-1513. Joint local government employees permitted
§ 15.2-1514. Exercise of powers and duties
§ 15.2-1515. Compensation, benefits and liability insurance of such persons
§ 15.2-1517.1. Formation of not-for-profit benefits consortium
§ 15.2-1522. When and how officers qualify
§ 15.2-1523. Record of qualification
§ 15.2-1524. Failure to qualify vacates office
§ 15.2-1525. Where officers shall reside
§ 15.2-1526. Removal vacates office
§ 15.2-1527. Bonds of officers
§ 15.2-1529. Amount of bond of treasurer or director of finance of counties
§ 15.2-1530. Bonds required of treasurers or directors of finance of cities
§ 15.2-1531. When certain city and county treasurers not required to give additional bond
§ 15.2-1532. Payment of premiums on bonds for more than one year in advance
§ 15.2-1533. Bond plan to be forwarded to clerk and Comptroller
§ 15.2-1534. Certain officers not to hold more than one office
§ 15.2-1536. Required and discretionary officers
§ 15.2-1537. Financial officer
§ 15.2-1537.1. Disposition of state funds locally collected
§ 15.2-1538. Clerk for the governing body
§ 15.2-1539. General duties of clerk
§ 15.2-1540. Chief administrative officer
§ 15.2-1541. Administrative head of government
§ 15.2-1541.1. Authority of county administrator to maintain centralized system of accounting
§ 15.2-1543. Employment of purchasing agent; duties
§ 15.2-1545. Postemployment benefits other than pensions defined