Any funds held by the Authority or by the trustee under any trust indenture under the provisions of this chapter may be invested and reinvested in securities that are legal investments under the laws of the Commonwealth for funds held by fiduciaries.

Terms Used In Virginia Code 22.1-169

  • Authority: means the Virginia Public School Authority. See Virginia Code 22.1-162
  • Trustee: A person or institution holding and administering property in trust.

Code 1950, § 22-29.9; 1962, c. 194; 1980, c. 559.

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