Chap. 97.—An ACT to authorize and empower the Governor and State Treasurer,
jomtly, to make certain investments of current funds in the State Treasury,
the expenditure of which is not required for the current needs of the HOST

Approved March 4, 1948

Be it enacted by the General Assembly of Virginia:

1. Section 1. That the Governor and State Treasurer, acting
jointly, are hereby authorized and empowered, whenever in their
opinion there are funds in the State treasury in excess of the
amount required to meet the current needs and demands of the
State, to invest said excess funds in bonds or certificates of
indebtedness of the United States or in evidences of debt of the
Commonwealth of Virginia or political subdivisions thereof. The
said funds shall be invested in such obligations as, in their judg-
ment, will be readily convertible into money.

2. This act shall be in force on and after July one, nineteen
hundred forty-eight.