The Commonwealth is the trustee for the safekeeping and due application of all funds that may be deposited in the state treasury pursuant to § 23.1-2214. The State Treasurer and the sureties in his official bond are liable for the money or other funds deposited, and the accounting officers of the Commonwealth shall keep separate accounts of each such deposit in the same manner as other public funds.
Code 1919, § 826, § 23-85; 2016, c. 588.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 22 - University of Virginia
§ 23.1-2200. Corporate name; name of the University
§ 23.1-2202. Meetings; officers; committees
§ 23.1-2203. Courses of study to be taught
§ 23.1-2204. Salary of president and professors; fees
§ 23.1-2205. Secured obligations
§ 23.1-2206. Payment of bonds of the University
§ 23.1-2207. Payment of interest on debt of University; sinking fund
§ 23.1-2208. Provision for interest on certain bonds
§ 23.1-2209. Powers and duties
§ 23.1-2210. Investment of endowment funds, endowment income, etc.
§ 23.1-2211. The University of Virginia's College at Wise
§ 23.1-2212. Operations of Medical Center
§ 23.1-2213. Medical center management; capital projects; leases of property; procurement
§ 23.1-2214. Gifts, bequests, and devises
§ 23.1-2215. Donations for special purposes or objects
§ 23.1-2216. Disposition of donations
§ 23.1-2217. Reservation of nomination by donor
§ 23.1-2218. Commonwealth to be trustee of donations; liability of State Treasurer