Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-3156
County finance boards may direct treasurer to invest under certain circumstances
Official textlaw.lis.virginia.gov
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.
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Nearby sections (25 sections)
- 58.1-3144 · Penalties
- 58.1-3145 · How treasurer may secure final discharge from liability
- 58.1-3146 · Rule to show cause in such case; notice and hearing thereon
- 58.1-3147 · Appeal
- 58.1-3148 · City charters not affected by particular provisions
- 58.1-3149 · Money received to be deposited
- 58.1-3150 · Duties of depository officers
- 58.1-3151 · County finance board
- 58.1-3152 · Organization and procedure of board
- 58.1-3153 · Compensation for the citizen member of the county finance…
- 58.1-3154 · Selection and approval of depositories
- 58.1-3155 · Deposit of local funds in banking institutions outside of…
- 58.1-3156 · County finance boards may direct treasurer to invest under…
- 58.1-3157 · Repealed
- 58.1-3158 · Duties of treasurers
- 58.1-3159 · Reserved
- 58.1-3160 · Monthly report of treasurer to board
- 58.1-3161 · Interest on deposits
- 58.1-3162 · Disbursement of money deposited
- 58.1-3163 · No liability for loss of funds deposited in accordance with…
- 58.1-3164 · Institution of proceedings
- 58.1-3165 · Suspension of officer proceeded against, appointment of…
- 58.1-3166 · Substitute officer continues in office upon removal of…
- 58.1-3167 · Reserved
- 58.1-3168 · When treasurers to pay state revenue into state treasury