Chap. 225.—An ACT to amend and re-enact an act entitled “An Act to authorize
and empower the Governor and State Treasurer, jointly, to make certain in-
vestments of current funds in the State Treasury, the expenditure of which 1s
not required for the current needs of the State.”, approved October 5, 1942,
so as to make certain changes in the securities in which the investments may he
made and to extend the period during which the act is to be effective. [S 79]

Approved March 15, 1944

Be it enacted by the General Assembly of Virginia:

1. That an act entitled “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.”, approved October five,
nineteen hundred forty-two, be amended and re-enacted, as follows:

The Governor and State Treasurer, acting jointly, are hereby author-
ized 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 the excess funds in bonds,
notes, or certificates of indebtedness of the United States or in evidences
of debt of the Commonwealth of Virginia or any political subdivisior
thereof. The funds shall be invested in such obligations as, in theit
judgment, will be readily convertible into money.

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forty-six, and shall thereafter be no longer in force.

3. An emergency exists and this act is in force from its passage.