Authority to make public deposits

Va. Code Ann. § 2.2-4408
in effect
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A. All public depositors are hereby authorized to make public deposits under their control in qualified public depositories, securing such public deposits pursuant to this chapter. B. Local officials handling public deposits in the Commonwealth may not require from a qualified public depository any pledge of collateral for their deposits in excess of the requirements of this chapter. 1973, c. 172, § 2.1-367; 1980, c. 538, § 2.1-234.5; 1998, cc. 20 , 21 ; 2001, c. 844 ; 2010, cc. 640 , 674 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/2.2-4408/Fetched: 10/16/2026

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