§39A‑168  Special purpose revenue
bonds as legal investments and lawful security.  The special purpose
revenue bonds issued pursuant to this part shall be legal and authorized
investments for banks, savings banks, trust companies, savings and loan associations,
insurance companies, credit unions, fiduciaries, trustees, guardians, and for
all public funds of the State or other political corporations or subdivisions
of the State.  Such special purpose revenue bonds shall be eligible to secure
the deposit of any and all public funds of the State and any and all public
funds of counties or other political corporations or subdivisions of the State,
and such bonds shall be lawful and sufficient security for such deposits to the
extent of their value when accompanied by all unmatured coupons appertaining
thereto. [L 1981, c 122, pt of §2; am L 1990, c 59, §6]