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Virginia Law

Code of Virginia

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Code of Virginia
Title 58.1. Taxation
Chapter 31. Local Officers
11/5/2024

§ 58.1-3156. County finance boards may direct treasurer to invest under certain circumstances.

Notwithstanding other provisions of this article, whenever the county finance board determines that county or district funds would otherwise draw no interest or draw a lesser rate of interest, the finance board may direct the county treasurer to invest such funds in accordance with guidelines issued by the State Treasurer.

Code 1950, § 58-943.2; 1954, c. 498; 1974, c. 224; 1984, c. 675; 1988, c. 834.

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.