Any funds held by the Authority or by the trustee under any trust indenture under the provisions of this chapter may be invested and reinvested in securities that are legal investments under the laws of the Commonwealth for funds held by fiduciaries.
Code 1950, § 22-29.9; 1962, c. 194; 1980, c. 559.
Structure Code of Virginia
Chapter 11 - Virginia Public School Authority
§ 22.1-163. Authority created; public body corporate and agency of Commonwealth
§ 22.1-165. Management and administration of moneys, etc., transferred from Literary Fund
§ 22.1-166. Purchase and sale of local school bonds
§ 22.1-166.1. Loans to local school boards
§ 22.1-166.2. Grants to local school boards
§ 22.1-167. Issuance of bonds of Authority
§ 22.1-167.1. Refunding issues; pass-through of savings realized
§ 22.1-167.2. Security for payment; appropriations
§ 22.1-168. Security for payment and bonds; provisions of trust indenture or resolution of Board
§ 22.1-168.1. Reserve fund; limitations
§ 22.1-169. Investment of funds
§ 22.1-170. Repayments to Literary Fund
§ 22.1-171. Powers of Authority enumerated
§ 22.1-172. Bonds exempt from taxation
§ 22.1-173. Bonds legal investments
§ 22.1-174. Jurisdiction of suits against Authority; service of process