§39-67  Revenue bonds legal
investments.  All public officers and bodies of the State, all political
subdivisions, all insurance companies and associations, all banks, savings
banks, and savings institutions, including building or savings and loan associations,
all credit unions, all trust companies, all personal representatives,
guardians, trustees, and all other persons and fiduciaries in the State who are
regulated by law as to the character of their investment, may legally invest
funds within their control and available for investment in revenue bonds of the
State.  The purpose of this section is to authorize any person, firm,
corporation, association, political subdivision, body, or officer, public or
private, to use any funds owned or controlled by them, including (without
prejudice to the generality of the foregoing), sinking, insurance, investment,
retirement, compensation, pension, trust funds, and funds held on deposit, for
the purchase of any revenue bonds of the State. [L 1988, c 28, pt of §3; am L
1990, c 59, §2]