{"data":{"id":"us-va/22vac30-60-370","jurisdiction":"us-va","citation":"22VAC30-60-370","heading":"Allowable investment and custody policies.","body":"The investment of available federal or state funds shall be directed by two principles: (i) all funds received must be protected from unreasonable loss or diminished value, and (ii) investments must be selected to earn a reasonable return on funds not expected to be disbursed immediately. In furtherance of such principles, the following investment mechanisms are authorized:\n\n1. Any interest bearing checking account that is fully insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation;\n\n2. NOW accounts.","path":["Title 22. Social Services","Agency 30. Department For Aging And Rehabilitative Services","Chapter 60. Grants to Area Agencies on Aging","Part IV. Administration of Grants and Contracts","Article 6. General Program Income"],"source_url":"https://law.lis.virginia.gov/admincode/title22/agency30/chapter60/section370/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:53:42Z","sha256":"3eaea837b7f63a99ffa807f6fc690a9aef01a687c07cb23ea12f92f015695abc","source_id":"us-va-vac","stale":false,"prev":"us-va/22vac30-60-360","next":"us-va/22vac30-60-380"},"notice":"GroundRules: Original legal text. Not legal advice."}