Code of Virginia (Last Updated:July 28, 2020) |
TITLE 2.2. Administration of Government |
SUBTITLE I. Organization of State Government |
PART C. State Agencies Related to the General Operation of Government |
CHAPTER 18. Department of the Treasury |
ARTICLE 1. General Provisions |
SECTION 2.2-1808. State Treasurer may sell securities in general fund; exceptions; disposition of proceeds |
SECTION 2.2-1808. State Treasurer may sell securities in general fund; exceptions; disposition of proceeds
The Treasurer may sell, transfer, and convey any notes, bonds, obligations or certificates of stock held in the general fund of the state treasury. The proceeds from any such sale or disposition shall immediately be paid into the general fund. This section shall apply to any present or future holdings. Code 1950, p. 632, § 2-155.1; 1966, c. 677, § 2.1-187; 1970, c. 687; 1989, c. 28; 1991, cc. 349, 366; 2001, c. 844 . |