Va. Code § 51.1-818

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

Section 51.1-818 - Funds for payment of pensions and benefits

Any and all cash assets and funds not necessary for immediate payment of pensions or benefits shall be invested in securities that are legal investments under the laws of the Commonwealth for public sinking funds. Any funds raised by any police officers' pension and retirement board for the payment of pensions and benefits shall be paid over to the treasurer of such board who shall deposit and pay the funds as provided in this section to the credit of the board.

Va. Code § 51.1-818

1940, p. 739; Michie Code 1942, § 3035n; Code 1950, § 51-125; 1956, c. 184; 1990, c. 832.

Amended by Acts 1990, § c. 832.

Amended by Acts 1956, § c. 184.

Amended by Acts 1940, § p. 739.