§ 12-1. Designation of banks for deposit of funds.  


Latest version.
  • The Director of Finance is hereby required to deposit funds belonging to the City in any of the qualified public depositories located within the City; or in qualified public depositories that maintain a branch office within the City. As used in this chapter, the term "qualified public depository" shall have the meaning ascribed to it under Code of Virginia, § 2.2-4401, the Virginia Security for Public Deposits Act, unless a different meaning is plainly required by the text.

    (Code 1993, § 11-1; Code 2004, § 42-1)

(Code 1993, § 11-1; Code 2004, § 42-1)