{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/36-143.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/36-143.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/36-143.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/36-143.html"}],"law_id":360622,"edition_id":2,"section_id":360622,"structure_id":51582,"section_number":"36-143","catch_line":"Deposit of money; expenditures; investments","history":"1988, c. 687; 1996, c. 77; 2013, c. 754.","full_text":"All money transferred to the control of the HDA from the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the Commonwealth or in national banking associations located in Virginia or in savings institutions located in Virginia organized under the laws of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the HDA or other officers or employees designated by the Commissioners of the HDA. All deposits of money shall, if required by the Director of the Department of Housing and Community Development, be secured in a manner determined by the Director of the Department of Housing and Community Development to be prudent. All banks, trust companies and savings and loan associations are authorized to give security for the deposits. Money in the Fund shall not be commingled with other money of the HDA. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the HDA at the direction and guidance of the Director of the Department of Housing and Community Development in obligations or securities which are considered lawful investments for public funds under the laws of the Commonwealth. All interest and earnings accrued from investments of moneys from the Fund shall be used to increase the amount available in the Fund.\n\n","order_by":null,"text":{"0":{"id":1341922,"text":"All money transferred to the control of the HDA from the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the Commonwealth or in national banking associations located in Virginia or in savings institutions located in Virginia organized under the laws of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the HDA or other officers or employees designated by the Commissioners of the HDA. All deposits of money shall, if required by the Director of the Department of Housing and Community Development, be secured in a manner determined by the Director of the Department of Housing and Community Development to be prudent. All banks, trust companies and savings and loan associations are authorized to give security for the deposits. Money in the Fund shall not be commingled with other money of the HDA. Money in the Fund not needed for immediate use or disbursement may be invested or reinvested by the HDA at the direction and guidance of the Director of the Department of Housing and Community Development in obligations or securities which are considered lawful investments for public funds under the laws of the Commonwealth. All interest and earnings accrued from investments of moneys from the Fund shall be used to increase the amount available in the Fund.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51582,"edition_id":2,"name":"Virginia Housing Trust Fund","identifier":"9","label":"chapter","depth":2,"order_by":18,"parent_id":51572,"metadata":{"child_laws":12,"child_structures":0},"date_created":"2026-08-02 02:44:27","date_modified":"2026-08-02 12:32:46","permalink":{"id":1436625,"object_type":"structure","relational_id":51582,"identifier":"9","token":"36\/9","url":"\/36\/9\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51572,"edition_id":2,"name":"Housing","identifier":"36","label":"title","depth":1,"order_by":83,"parent_id":null,"metadata":{"child_laws":336,"child_structures":35},"date_created":"2026-08-02 02:44:20","date_modified":"2026-08-02 12:32:40","permalink":{"id":1435259,"object_type":"structure","relational_id":51572,"identifier":"36","token":"36","url":"\/36\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":360620,"structure_id":51582,"section_number":"36-141","catch_line":"Definitions","url":"\/36-141\/","token":"36\/9\/36-141","metadata":false},{"id":360621,"structure_id":51582,"section_number":"36-142","catch_line":"(Effective until January 1, 2026) Creation and management of Fund","url":"\/36-142\/","token":"36\/9\/36-142","metadata":false},{"id":360622,"structure_id":51582,"section_number":"36-143","catch_line":"Deposit of money; expenditures; investments","url":"\/36-143\/","token":"36\/9\/36-143","metadata":false},{"id":360623,"structure_id":51582,"section_number":"36-144","catch_line":"Annual audit","url":"\/36-144\/","token":"36\/9\/36-144","metadata":false},{"id":360624,"structure_id":51582,"section_number":"36-145","catch_line":"Collection of money due Fund","url":"\/36-145\/","token":"36\/9\/36-145","metadata":false},{"id":360625,"structure_id":51582,"section_number":"36-146","catch_line":"Loans","url":"\/36-146\/","token":"36\/9\/36-146","metadata":false},{"id":360626,"structure_id":51582,"section_number":"36-147","catch_line":"Grants","url":"\/36-147\/","token":"36\/9\/36-147","metadata":false},{"id":360628,"structure_id":51582,"section_number":"36-148","catch_line":"Pledge of assets to secure bonds of the HDA","url":"\/36-148\/","token":"36\/9\/36-148","metadata":false},{"id":360627,"structure_id":51582,"section_number":"36-148.1","catch_line":"Authorization of funding from HDA","url":"\/36-148.1\/","token":"36\/9\/36-148.1","metadata":false},{"id":360629,"structure_id":51582,"section_number":"36-149","catch_line":"Formation of corporation","url":"\/36-149\/","token":"36\/9\/36-149","metadata":false},{"id":360631,"structure_id":51582,"section_number":"36-150","catch_line":"(Effective January 1, 2026) Reports","url":"\/36-150\/","token":"36\/9\/36-150","metadata":false},{"id":360632,"structure_id":51582,"section_number":"36-151","catch_line":"Liberal construction of chapter","url":"\/36-151\/","token":"36\/9\/36-151","metadata":false}],"previous_section":{"id":360621,"structure_id":51582,"section_number":"36-142","catch_line":"(Effective until January 1, 2026) Creation and management of Fund","url":"\/36-142\/","token":"36\/9\/36-142","metadata":false},"next_section":{"id":360623,"structure_id":51582,"section_number":"36-144","catch_line":"Annual audit","url":"\/36-144\/","token":"36\/9\/36-144","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/36-143\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 687 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1996, chapter 77<\/a>; in 2013, chapter 754<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1436635,"object_type":"law","relational_id":360622,"identifier":"36-143","token":"36\/9\/36-143","url":"\/36-143\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/36-143\/","token":"36\/9\/36-143","dublin_core":{"Title":"Deposit of money; expenditures; investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 36-143","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

All money transferred to the control of the HDA<\/span> from the Fund<\/span> shall be deposited in an account or accounts in banks or trust companies organized under the laws<\/span> of the Commonwealth or in national banking associations located in Virginia or in savings institutions located in Virginia organized under the laws<\/span> of the Commonwealth or the United States. The money in these accounts shall be paid by check signed by the Executive Director of the HDA<\/span> or other officers or employees designated by the Commissioners of the HDA<\/span>. All deposits of money shall, if required by the Director of the Department<\/span> of Housing and Community Development, be secured in a manner determined by the Director of the Department<\/span> of Housing and Community Development to be prudent. All banks, trust companies and savings and loan associations are authorized to give security for the deposits. Money in the Fund<\/span> shall not be commingled with other money of the HDA<\/span>. Money in the Fund<\/span> not needed for immediate use or disbursement may be invested or reinvested by the HDA<\/span> at the direction and guidance of the Director of the Department<\/span> of Housing and Community Development in obligations or securities which are considered lawful investments for public funds<\/span> under the laws<\/span> of the Commonwealth. All interest and earnings accrued from investments of moneys from the Fund<\/span> shall be used to increase the amount available in the Fund<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEPOSIT OF MONEY; EXPENDITURES; INVESTMENTS (\u00a7 36-143)\n\nAll money transferred to the control of the HDA from the Fund shall be deposited\nin an account or accounts in banks or trust companies organized under the laws\nof the Commonwealth or in national banking associations located in Virginia or\nin savings institutions located in Virginia organized under the laws of the\nCommonwealth or the United States. The money in these accounts shall be paid by\ncheck signed by the Executive Director of the HDA or other officers or employees\ndesignated by the Commissioners of the HDA. All deposits of money shall, if\nrequired by the Director of the Department of Housing and Community Development,\nbe secured in a manner determined by the Director of the Department of Housing\nand Community Development to be prudent. All banks, trust companies and savings\nand loan associations are authorized to give security for the deposits. Money in\nthe Fund shall not be commingled with other money of the HDA. Money in the Fund\nnot needed for immediate use or disbursement may be invested or reinvested by\nthe HDA at the direction and guidance of the Director of the Department of\nHousing and Community Development in obligations or securities which are\nconsidered lawful investments for public funds under the laws of the\nCommonwealth. All interest and earnings accrued from investments of moneys from\nthe Fund shall be used to increase the amount available in the Fund.\n\nHISTORY: 1988, c. 687; 1996, c. 77; 2013, c. 754.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}