Transportation commissions that provide rail service may invest in, if required as a condition to obtaining insurance, participate in, or purchase insurance provided by, foreign insurance companies that insure railroad operations.
Va. Code Ann. § 2.2-4513, under Chapter 45. Investment of Public Funds Act..
Va. Code Ann. § 2.2-4513
Transportation commissions that provide rail service may invest in, if required as a condition to obtaining insurance, participate in, or purchase insurance provided by, foreign insurance companies that insure railroad operations.