§39-67 - Revenue bonds legal investments.
§39-67 Revenue bonds legalinvestments. All public officers and bodies of the State, all politicalsubdivisions, all insurance companies and associations, all banks, savingsbanks, 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 areregulated by law as to the character of their investment, may legally investfunds within their control and available for investment in revenue bonds of theState. The purpose of this section is to authorize any person, firm,corporation, association, political subdivision, body, or officer, public orprivate, to use any funds owned or controlled by them, including (withoutprejudice to the generality of the foregoing), sinking, insurance, investment,retirement, compensation, pension, trust funds, and funds held on deposit, forthe purchase of any revenue bonds of the State. [L 1988, c 28, pt of §3; am L1990, c 59, §2]