§39A‑209  Special purpose revenue
bonds as legal investments and lawful security.  The special purpose
revenue bonds issued pursuant to this part shall be and are declared to 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 151, pt of §2; am L 1990, c
59, §7]