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Virginia Administrative Code
Title 1. Administration
10/31/2025

Agency 75. Department of The Treasury

Preface

VAC AGENCY NO. 75

DEPARTMENT OF THE TREASURY

AGENCY SUMMARY

The State Treasurer may promulgate regulations or other directives establishing procedures for depositing moneys in depository banks and for reporting such deposits. Code of Virginia, Title 2.2, Chapter 18, Article 1.

The Treasury Board has the power to make and enforce regulations necessary and proper to the full and complete performance of its functions under the Virginia Security for Public Deposits Act. Code of Virginia, Title 2.2, Chapter 44.

Pursuant to the Local Government Investment Pool Act, the Treasury Board has power to promulgate regulations for the efficient administration of the local government investment pool on behalf of the participating local officials. Code of Virginia, Title 2.2, Chapter 46. The board also has the power to promulgate regulations necessary and proper for the efficient administration of the pool or pools authorized by the Government Non-Arbitrage Investment Act. Code of Virginia, Title 2.2, Chapter 47.

The State Treasurer may make necessary rules and regulations to carry out the provisions of the Virginia Disposition of Unclaimed Property Act and is required to promulgate regulations pursuant to which any person asserting ownership of property remitted to the Commonwealth under this act, required to pay or deliver abandoned property under this act, or otherwise aggrieved by a decision of the administrator may file an application for administrative appeal and correction of the administrator's determination. Code of Virginia, Title 55.1, Chapter 25, Article 3. The State Treasurer is required to adopt any necessary rules and regulations to carry out the provisions of the Escheats statutes. Code of Virginia, Title 55.1, Chapter 24.

The department operates under the supervision of the Secretary of Finance. Regulations are available at the department's office on the third floor of the James Monroe Building, 101 North 14th Street, P.O. Box 1879, Richmond, VA 23218. Internet address: http://www.trs.virginia.gov.

Rev. 8/2025

Chapter 10
Public Participation Guidelines for the Department of the Treasury and Treasury Board [Repealed]Read all
Section 10
[Repealed]
Section 20
[Repealed]
Section 30
[Repealed]
Section 40
[Repealed]
Chapter 11
Public Participation GuidelinesRead all
Part I
Purpose and Definitions
Section 10
Purpose
Section 20
Definitions
Part II
Notification of Interested Persons
Section 30
Notification List
Section 40
Information to Be Sent to Persons on the Notification List
Part III
Public Participation Procedures
Section 50
Public Comment
Section 60
Petition for Rulemaking
Section 70
Appointment of Regulatory Advisory Panel
Section 80
Appointment of Negotiated Rulemaking Panel
Section 90
Meetings
Section 100
Public Hearings on Regulations
Section 110
Periodic Review of Regulations
Chapter 20
Virginia Security for Public Deposits Act RegulationsRead all
Section 10
General
Section 20
[Repealed]
Section 30
Collateral Requirements for Qualified Public Depositories
Section 40
[Repealed]
Section 50
Average Daily Balance Computation
Section 60
Eligible Collateral
Section 70
Valuation of Collateral
Section 80
Deposit of Collateral
Section 90
Substitution of Eligible Collateral
Section 100
Withdrawal of Collateral
Section 110
Reports by Qualified Public Depositories
Section 120
Reports by State Treasurer
Section 130
Eligibility Criteria and Compliance Requirements for Qualified Public Depositories
Section 140
Eligibility Criteria and Compliance Requirements for Escrow Agents
Section 150
Suspension of Authority to Receive Public Deposits
Section 160
Exception Reportings by Public Depositors
FORMS
Forms (1VAC75-20)
Chapter 30
Regulations Governing EscheatsRead all
Section 10
Definitions
Section 20
[Repealed]
Section 30
[Repealed]
Section 40
Annual Reporting Requirement for Local Government Treasurers
Section 50
Annual Reporting Requirements for Escheators
Section 60
Required Bond for Escheators
Section 70
Escheator's Responsibility for Collection of Sale Proceeds and Remittance to State Treasurer
Section 80
Defaulting Purchasers
Section 90
Required Written Disclosures to Be Made by the Escheator at the Escheat Auction
Section 100
Commission Basis for the Escheator and the Auctioneer
Section 110
Reimbursable Expenses and Required Documents of the Auctioneer
Section 120
Fees Charged for Requests under the Virginia Freedom of Information Act ( &Sect;2.2-3700 Et Seq. of the Code of Virginia)
FORMS
[Repealed]
Chapter 40
Unclaimed Property Administrative Review ProcessRead all
Section 10
Definitions
Section 20
Administrator to Give Written Notice to Any Person Asserting Ownership of Property When Payment Denied
Section 30
Administrator to Give Written Notice for Failure to Pay or Deliver Abandoned Property
Section 40
Request for Administrative Review
Section 50
Submission of Request for Administrative Review
Section 60
Administrative Review Process Steps
FORMS
[Repealed]

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.