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2008 SESSION
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 | history
SUMMARY AS PASSED SENATE:
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.
SUMMARY AS INTRODUCED:
Investment of Public Funds Act; Certificate of Deposit Account Registry Service. Authorizes the investment of public funds through the Certificate of Deposit Account Registry Service offered by banks and savings institutions in Virginia.