A. All county and city treasurers receiving state income tax payments, whether from taxpayers or from the commissioner of the revenue, shall deposit the payments, within one banking day of receipt, into an account of the state treasury. The treasurers shall maintain a record of the date on which the payments are received and the date on which the payments are deposited into the state treasury. The Auditor of Public Accounts shall either prescribe or approve the treasurer's record-keeping system and shall audit such records as provided for in Chapter 14 (§ 30-130 et seq.) of Title 30. Reporting of the deposits shall be in accordance with subsection B.
B. All county and city treasurers and clerks of courts receiving state moneys shall deposit promptly all state moneys and, in the manner directed by the State Treasurer, shall transfer state moneys into an account of the state treasury twice each week and submit a report of state moneys being transferred. However, except for state income tax payments that shall be controlled by subsection A, state moneys received amounting to less than $5,000 may be transferred into an account of the state treasury once each week.
Code 1950, § 2-166; 1966, c. 677, § 2.1-198; 1982, c. 292; 1987, c. 511; 1991, c. 485; 2001, c. 844.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 8 - Department of Accounts
§ 2.2-800. Department of Accounts created; appointment of Comptroller; oath
§ 2.2-801. Comptroller to appoint administrative assistants, etc.
§ 2.2-802. General accounting and clearance through Comptroller
§ 2.2-803. Financial accounting and control
§ 2.2-804. Recovery of certain improper payments to state officers and employees
§ 2.2-807. Monthly reports of state departments, divisions, etc., receiving public funds
§ 2.2-808. Collection of delinquent taxes
§ 2.2-809. When accounts on Comptroller's books to be balanced; general ledger of accounts
§ 2.2-810. Judges and clerks to certify to Supreme Court lists of all allowances made by courts
§ 2.2-811. Cancellation of state bonds received in settlement of claims
§ 2.2-812. What Comptroller may do with old books and papers
§ 2.2-813. Annual report of Comptroller to Governor
§ 2.2-813.1. Biannual disclosure by Comptroller of revenue sources collected
§ 2.2-813.2. Biannual disclosure by Comptroller of other obligations of the Commonwealth
§ 2.2-814. To whom claims presented; Comptroller to furnish forms
§ 2.2-815. Claims to be examined and forwarded to Comptroller; what Comptroller may allow