[§163D-12]  Revenue bonds; investment of
proceeds, and redemption.  Subject to any agreement with the holders of its
revenue bonds, the corporation may:



(1)  Invest its moneys not required for immediate use,
including proceeds from the sale of revenue bonds, in any investment in
accordance with procedures prescribed in a trust indenture; and



(2)  Purchase its revenue bonds out of any fund or
money of the corporation available therefor, and hold, cancel, or resell the
revenue bonds. [L 1994, c 264, pt of §1]