58.1-3156 - County finance boards may direct treasurer to invest under certain circumstances. - Virginia Statutes

§ 58.1-3156. County finance boards may direct treasurer to invest undercertain circumstances.

Notwithstanding other provisions of this article, whenever the county financeboard determines that county or district funds would otherwise draw nointerest or draw a lesser rate of interest, the finance board may direct thecounty treasurer to invest such funds in accordance with guidelines issued bythe State Treasurer.

(Code 1950, § 58-943.2; 1954, c. 498; 1974, c. 224; 1984, c. 675; 1988, c.834.)