CHAPTER 629
An Act to amend and reenact § $1-11.1 of the Code of Virginia, relating to
and to amend the Code of Virginia by adding a section numbered
$1-11.2, relating to consideration of certain other benefits as income.
(S 63]
Approved April 6, 1966
Be it enacted by the General Assembly of Virginia:
1. That § 31-11.1 of the Code of Virginia be amended and reenacted and
the Code of Virginia be amended by adding a section numbered 31-11.2,
as follows: ;
§ 81-11.1. Monthly or more frequent periodic payments of pension,
compensation, insurance or other benefits from the Veterans’ Administra-
tion made to a guardian shall be considered as income and not principal *.
§ $1-11.2._ Monthly or more frequent periodic payments of pension,
compensation, insurance or other benefits received by the guardian of an
infant under the Federal Insurance Contributions Act, or by an award
under the Workmen’s Compensation Act of this State, or similar act of
another state, or under a policy of life insurance pursuant to an option
designated by the insured shall be considered as income and not principal.