Virginia Code 2.2-4603: Investment authority
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Subject to the procedures set forth in this chapter, any local official handling public funds may invest and reinvest any money subject to his control and jurisdiction in the local government investment pool established by § 2.2-4602.
Terms Used In Virginia Code 2.2-4603
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
1980, c. 538, § 2.1-234.4; 1988, c. 834; 2001, c. 844.