Virginia Code 33.2-1913: Funds of commission.
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A. All moneys of a commission, whether derived from any contract of the commission or from any other source, shall be collected, received, held, secured, and disbursed in accordance with any relevant contract of the commission. This section shall apply to such moneys only if and to the extent they are consistent with such commission contracts.
Terms Used In Virginia Code 33.2-1913
- City: has the meaning assigned to it in § 1-208. See Virginia Code 33.2-100
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to a part of the United States, includes any of the 50 states and the District of Columbia. See Virginia Code 33.2-1901
B. Such moneys shall not be required to be paid into the state treasury or into the treasury or to any officer of any county or city.
C. All such moneys shall be deposited by the commission in a separate bank account, appropriately designated, in banks or trust companies designated by the commission.
1964, c. 631, § 15.1-1355; 1997, c. 587, § 15.1-4513; 2014, c. 805.