Virginia § 2.2-4507 - Investment of funds in overnight, term and open repurchase agreements
Full text of Virginia Code of Virginia § 2.2-4507 — Investment of funds in overnight, term and open repurchase agreements, with citation guidance and answers to common questions.
§ 2.2-4507. Investment of funds in overnight, term and open repurchase agreements
Notwithstanding any provision of law to the contrary, the Commonwealth, all public officers, municipal corporations, other political subdivisions and all other public bodies of the Commonwealth, may invest any and all moneys belonging to them or within their control in overnight, term and open repurchase agreements that are collateralized with securities that are approved for direct investment.
1985, c. 352, § 2.1-328.8; 1988, c. 834; 2001, c. 844.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 2.2-4507
What does Code of Virginia § 2.2-4507 cover?
Section 2.2-4507 ("Investment of funds in overnight, term and open repurchase agreements") 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 § 2.2-4507?
A common citation format is "Code of Virginia § 2.2-4507" (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 § 2.2-4507 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.