Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital, in their control or belonging to them. Such bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.
2005, c. 842.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 66.1 - Northern Neck Chesapeake Bay Public Access Authority Act
§ 15.2-6627. Creation; public purpose
§ 15.2-6629. Participating political subdivision
§ 15.2-6630. Appointment of a board of directors
§ 15.2-6633. Name of Authority
§ 15.2-6634. Rules, regulations, and minimum standards
§ 15.2-6637. Deposit and investment of funds
§ 15.2-6638. Authority to issue bonds
§ 15.2-6639. Fees, rents, and charges
§ 15.2-6640. Credit of Commonwealth and political subdivisions not pledged
§ 15.2-6641. Directors and persons executing bonds not liable thereon
§ 15.2-6642. Security for payment of bonds; default
§ 15.2-6644. Bonds as legal investments
§ 15.2-6645. Appropriation by political subdivision
§ 15.2-6646. Contracts with political subdivisions
§ 15.2-6647. Agreement with Commonwealth and participating political subdivisions
§ 15.2-6648. Liberal construction
§ 15.2-6649. Application of local ordinances, service charges, and taxes upon leaseholds
§ 15.2-6650. Existing contracts, leases, franchises, etc., not impaired