2.2-2305 - Contracts with holders of bonds; how money secured. - Virginia Statutes

§ 2.2-2305. Contracts with holders of bonds; how money secured.

Notwithstanding the provisions of § 2.2-2304, the Authority may contract withthe holders of any of its bonds as to the custody, collection, securing,investment and payment of any money of the Authority and of any money held intrust or otherwise for the payment of bonds, and to carry out such contract.Money held in trust or otherwise for the payment of bonds or in any way tosecure bonds and deposits of money may be secured in the same manner as moneyof the Authority, and all banks and trust companies are authorized to givesecurity for the deposits.

(1984, c. 749, § 9-230; 2001, c. 844.)