Virginia regulations · Through 2026 Regular Session (effective July 1, 2026)

1VAC75-20-50: Average daily balance computation

Where this section sits in the code

Title 1. Administration
Agency 75. Department of The Treasury
Chapter 20. Virginia Security for Public Deposits Act Regulations

A. The average daily balance for any month shall be derived by dividing the sum of the daily balances of any item being computed by the number of calendar days in the month.

B. In computing the amount of public deposits and the average balance of public deposits to be collateralized during any month, there shall be excluded the amount of each deposit that is insured by the Federal Deposit Insurance Corporation.

Collected 2026-09-14T04:44:47Z. Source file · JSON

Browse this collection