2.2-1803 - State Treasurer; regulation procedures for depositing money. - Virginia Statutes

§ 2.2-1803. State Treasurer; regulation procedures for depositing money.

The State Treasurer may adopt regulations or other directives establishingprocedures for depositing moneys in depository banks and for reporting thedeposits. The regulations may address, by way of explanation and notlimitation: (i) the form of the required reports; (ii) the frequency ofreports and deposits; (iii) the disposition of checks; and (iv) theestablishment of banking relationships. All agencies and entities depositingmoneys to the credit of the Treasurer of Virginia, including judicial andlegislative service agencies, clerks of court, local treasurers or otherofficials performing similar duties, and political subdivisions, shall complywith the State Treasurer's regulations or other directives.

(1982, c. 109, § 2.1-180.1; 2001, c. 844.)