45-2283. Investment of revenues


The authority may invest revenues of the authority in securities and deposits with a
maximum maturity of three years. All revenues shall be invested in eligible
investments. Eligible investments include:


1. Certificates of deposit in eligible depositories as provided in title 35,
chapter 2, article 2.1.


2. Interest bearing savings accounts in banks and savings and loan institutions
doing business in this state whose accounts are insured by federal deposit insurance for
their industry.


3. Repurchase agreements with a maximum maturity of one hundred eighty days.


4. Bonds or other evidences of indebtedness of the United States or any of its
agencies or instrumentalities if the obligations are guaranteed as to principal and
interest by the United States or by any agency or instrumentality of the United States.


5. Bonds or other evidences of indebtedness of this state or any of its counties,
incorporated cities or towns or school districts.