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2008 SESSION

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SB 399 Investment of Public Funds Act; authorized through Certificate of Deposit Account Registry Service.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Investment of public funds in certificates of deposit. Authorizes public entities to invest public funds in certificates of deposit in one or more federally insured bank or savings institution. The moneys must be initially invested through a federally insured bank or savings institution that is qualified by the Virginia Treasury Board to accept public deposits.


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