Chap. 14.—An ACT to authorize and empower the Governor and State Treasurer,
jointly, to make certain investments of current funds in the State Treasury, the
expenditure of which is not required for the current needs of the State. [S B 1]

Approved October 5, 1942

1. Be it enacted by the General Assembly of Virginia, 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 judgment, will be
readily convertible into money.

2. This act shall remain in effect until July first, nineteen hundred
and forty-four, and shall thereafter be no longer in force.

3. An emergency existing, this act shall be in force from its

passage.