§49-16  Revenue bonds legal investments. All public officers and bodies of the State, all political subdivisions, allinsurance companies and associations, all banks, savings banks, and savingsinstitutions, including building or savings and loan associations, all creditunions, all trust companies, all personal representatives, guardians, trustees,and all other persons and fiduciaries in the State who are regulated by law asto the character of their investment, may legally invest funds within their controland available for investment in revenue bonds of the county.  The purpose ofthis section is to authorize any persons, firms, corporations, associations,political subdivisions, bodies, and officers, public or private, to use anyfunds owned or controlled by them, including (without prejudice to thegenerality of the foregoing), sinking, insurance, investment, retirement,compensation, pension, and trust funds, and funds held on deposit, for thepurchase of any revenue bonds of the county. [L 1989, c 80, pt of §3; am L1990, c 59, §9]