2015 Code of Virginia
Title 23 - Educational Institutions
§ 23-85. Commonwealth to be trustee of donations; liability of State Treasurer
The Commonwealth is hereby constituted the trustee for the safekeeping and due application of all funds which may be deposited in the treasury in pursuance of § 23-81. The State Treasurer and the sureties in his official bond shall be liable for the money or other funds deposited as aforesaid, and separate accounts of each such deposit shall be kept by the accounting officers of the Commonwealth in the same manner as are other public funds.
Code 1919, § 826.
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