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Virginia Code > Title 2.2 > Chapter 45 > § 2.2-4509 - Investment of funds in negotiable certificates of deposit and negotiable bank deposit note...

§ 2.2-4509. Investment of funds in negotiable certificates of deposit and negotiable bank deposit notes.

Notwithstanding any provision of law to the contrary, the Commonwealth and all public officers, municipal corporations, and other political subdivisions and all other public bodies of the Commonwealth may invest any or all of the moneys belonging to them or within their control, other than sinking funds, in negotiable certificates of deposit and negotiable bank deposit notes of domestic banks and domestic offices of foreign banks with a rating of at least A-1 by Standard & Poor's and P-1 by Moody's Investor Service, Inc., for maturities of one year or less, and a rating of at least AA by Standard & Poor's and AA by Moody's Investor Service, Inc., for maturities over one year and not exceeding five years.

(1998, cc. 20, 21, § 2.1-328.15; 2001, c. 844.)

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Questions & Answers: Finance

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Virginia Laws: Finance

Virginia Code Title 2.2 > Chapter 8 - Department of Accounts

Virginia Code Title 2.2 > Chapter 15 - Department of Planning and Budget

Virginia Code Title 2.2 > Chapter 15.1 - Six-Year Capital Outlay Plan

Virginia Code Title 2.2 > Chapter 16 - Department of the State Internal Auditor

Virginia Code Title 2.2 > Chapter 18 - Department of the Treasury

Virginia Code Title 2.2 > Chapter 44 - Virginia Security for Public Deposits Act

Virginia Code Title 2.2 > Chapter 45 - Investment of Public Funds Act

Virginia Code Title 2.2 > Chapter 46 - Local Government Investment Pool Act

Virginia Code Title 2.2 > Chapter 47 - Government Non-Arbitrage Investment Act

Virginia Code Title 2.2 > Chapter 48 - Virginia Debt Collection Act

Virginia Code Title 2.2 > Chapter 49 - Public Debt; Issuance of Bonds and Certificates of Indebtedness

Virginia Code Title 2.2 > Chapter 50 - Interest on Certain Obligations of Government Instrumentalities

Virginia Code Title 2.2 > Chapter 51 - Virginia Investment Partnership Act

U.S. Code Provisions: Finance

U.S. Code > Title 31 - Money And Finance

Federal Regulations: Finance

CFR > Title 4 - Accounts