Virginia § 15.2-6010 - Proceeds held
Full text of Virginia Code of Virginia § 15.2-6010 — Proceeds held, with citation guidance and answers to common questions.
§ 15.2-6010. Proceeds held
The treasurer may invest and reinvest funds of the Authority pending their need. All moneys received by the Authority pursuant to § 15.2-6009, together with any matching funds received from state or federal sources, shall be applied and used only in the county or city from which the funds were received, unless the governing body of the county or city consents to their use in another county or city.
Moneys received pursuant to § 58.1-3713.4 may be used at the discretion of the Authority for purposes and projects as determined by the Authority.
1988, c. 833, § 15.1-1645; 1990, c. 341; 1997, c. 587.
Frequently Asked Questions About Virginia § 15.2-6010
What does Code of Virginia § 15.2-6010 cover?
Section 15.2-6010 ("Proceeds held") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 15.2-6010?
A common citation format is "Code of Virginia § 15.2-6010" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 15.2-6010 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.