VML/VACo Finance

VML/VACo Finance Program

VML/VACo Finance is the financial services arm of the Virginia Municipal League (VML) and  Virginia Association of Counties (VACo). We provide high quality financial services at low cost, a goal achieved through cost-sharing. We offer financial services in three areas: Financing, Investments, and Advisory.  Financing: Since its founding, VML/VACo Finance has made over $950 million in loans to Virginia localities through its long-term, short-term, and interim financing programs. Investments: We have three investment programs with total assets of about $1.4 billion: the VACo/VML Pooled OPEB Trust, the VIP Stable NAV Liquidity Pool, and the VIP 1-3 Year High Quality Bond Fund. The VACo/VML Pooled OPEB Trust is the largest pooled OPEB trust in the nation – and we’re a leading provider of OPEB actuarial services as well. The Virginia Investment Pool (VIP) Stable NAV Liquidity Pool is rated AAAm by Standard & Poor’s (S&P) and offers a stable net asset value, daily liquidity and a competitive yield.  The VIP 1-3 Year High Quality Bond Fund is rated AAf/S1 by S&P and is designed for funds that can be invested generally for one year or longer.  Advisory: Advisory consists of Accounting Services and Municipal Advisory.  The Accounting Services program provides interim accounting and finance professionals and services to local governments throughout the Commonwealth.  VML/VACo Finance is an MSRB-registered municipal advisor that assists local governments in planning and structuring the financing of new money capital projects and in refinancing existing debt.

All of our programs are designed to benefit a wide range of localities, including cities and towns of all sizes and credit strengths. For more information, contact Steve Mulroy at 804.648.0635 or Visit our Web site at


U.S. Communities Government Purchasing Alliance

U.S. Communities

U.S. Communities Government Purchasing Alliance pools the purchasing power of public agencies, achieves bulk volume discounts on behalf of public agencies, competitively solicits quality products through a lead public agency and provides a purchasing forum for public agencies nationwide. It is jointly sponsored by the National League of Cities, the Association of School Business Officials International, the National Association of Counties, the National Institute of Governmental Purchasing and the U.S. Conference of Mayors. U.S. Communities was designed in cooperation with an advisory board of local government purchasing officials.




GovDeals is a state-of-the-art auction service that allows VML members to conduct on-line transactions of surplus, abandoned and confiscated equipment and property via the Internet. Not only can VML members list their items for sale immediately as they are declared surplus, but they are instantly exposed to a large group of registered buyers interested in government surplus. Sellers pay a fee to GovDeals of 7 percent of the final sales price. GovDeals will present sellers -- at the end of each month -- with an itemized invoice of all items sold, the final sales price and its commission per item.

American Legal Publishing Corp.

The Virginia Basic Code, published by American Legal Publishing Corp. in cooperation with VML, is a complete model code of ordinances designed specifically for small cities and towns in Virginia. By utilizing the concept of shared cost to provide an economic alternative for codification, it allows Virginia towns to enjoy the benefits of codification without the substantial expense of a customized code.

Most sections are based directly on Virginia law or on model ordinances drafted by American Legal Publishing Corp. and reviewed by the Virginia Municipal League. In addition, the Virginia Basic Code is updated annually to keep your community current with changes in Virginia law.

For pricing and ordering information, please visit American Legal Publishing's Web site or contact Richard Frommeyer at 1-800/445-5588 or

United States Senate Productivity and Quality Award for Virginia

SPQA Partner

The United States Senate Productivity and Quality Award program is designed to cultivate continuous performance improvement of organizations through a process of knowledge sharing, evaluation and recognition. A non-profit organization, SPQA in Virginia is administered by a board of directors with assistance from the Mason Enterprise Center at George Mason University. Organizations seeking the award submit a formal application that describes in detail how they perform against essentially the same criteria used to evaluate recipients of another notable program known as the Malcolm Baldrige Quality Award, administered by the U.S. Department of Commerce.