33.1-223.5 - Deposit of money.
§ 33.1-223.5. Deposit of money.
All money belonging to the Fund shall be recorded on the books of the StateComptroller and deposited in accounts in banks or trust companies organizedunder the laws of the Commonwealth, in federally chartered bankinginstitutions located in Virginia, or in savings institutions located inVirginia organized under the laws of the Commonwealth or the United States.Money in the Fund not needed for immediate use or disbursement may beinvested or reinvested by the State Treasurer in obligations or securitiesthat are considered lawful investments for public funds under the laws of theCommonwealth. Earnings from investments and interest shall be returned tothe Fund.
(1992, cc. 351, 389.)