Code of Virginia

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Code of Virginia
Title 15.2. Counties, Cities and Towns
Chapter 25. Budgets, Audits and Reports

§ 15.2-2501. Establishment of funds for accounting and budgeting; separate depository and investment accounts not required.

Every locality and school division shall establish such funds as may be required by law and as may otherwise be deemed necessary to provide appropriate accounting and budgetary control over the activities and affairs of the locality or school division. This section shall not be construed to require separate depository or investment accounts for the assets of each fund.

1997, c. 587.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.