Bonds issued by the Authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions and all insurance companies, trust companies, banks, 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 also hereby made securities that may properly and legally be deposited with and received by any Commonwealth or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations is or may be authorized by law.
2009, c. 471, § 15.2-7009; 2014, c. 805.
Structure Code of Virginia
Title 33.2 - Highways and Other Surface Transportation Systems
Chapter 29 - Richmond Metropolitan Transportation Authority
§ 33.2-2901. Creation of the Richmond Metropolitan Transportation Authority
§ 33.2-2902. Powers of the Richmond Metropolitan Transportation Authority
§ 33.2-2903. Issuance of revenue bonds
§ 33.2-2904. Rates and charges
§ 33.2-2905. Use of state highway maintenance and construction funds for Authority facilities
§ 33.2-2908. Covenants to secure bonds
§ 33.2-2909. Revenue bonds eligible for investment
§ 33.2-2910. Authority obligations to be negotiable instruments; enforcement of bonds
§ 33.2-2911. Exemption from taxation
§ 33.2-2912. General powers of City of Richmond and Counties of Henrico and Chesterfield
§ 33.2-2914. Powers of the Commonwealth Transportation Board
§ 33.2-2915. Acquisition of property
§ 33.2-2916. Transfer to City of Richmond
§ 33.2-2918. Approval by Commonwealth Transportation Board