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