Va. Code § 2.2-1814

Current with changes from the 2024 legislative session through ch. 845

Section 2.2-1814 - Amount and time limit of deposits

The State Treasurer may arrange for and make state deposits in such amounts and for such time as in his judgment the condition of the state treasury permits; however, no state deposit shall be made for a period in excess of five years. The money deposited in a bank or savings institution in excess of the amount insured by the Federal Deposit Insurance Corporation or other federal insurance agency shall be fully collateralized by eligible collateral as defined in § 2.2-4401.

Va. Code § 2.2-1814

Code 1950, § 2-178; 1966, c. 677, § 2.1-210; 1971, Ex. Sess., cc. 139, 245; 1974, c. 517; 1978, c. 52; 1979, c. 215; 1984, c. 374; 1990, c. 3; 1996, c. 77; 2001, c. 844.

Amended by Acts 2001, c.844.

Amended by Acts 1996, c. 77.

Amended by Acts 1990, c. 3.

Amended by Acts 1984, c. 374.

Amended by Acts 1979, c. 215.

Amended by Acts 1978, c. 52.

Amended by Acts 1974, c.517.

Amended by Acts 1971, § Ex. Sess., cc. 139, 245.

Amended by Acts 1966, c. 677, § 2.1-210.