15.2-6210 - Proceeds held. - Virginia Statutes

§ 15.2-6210. Proceeds held.

The secretary-treasurer may invest and reinvest funds of the Authoritypending their need. All moneys received by the Authority pursuant to §15.2-6208, together with any matching funds received from state or federalsources, shall be applied and used only in the county or town from which thefunds were received, unless the governing body of the county or town consentsto their use in another county, city, or town.

(1993, c. 982, § 15.1-1671; 1997, c. 587; 2006, c. 861.)