§206E-106  Revenue bonds; investment of
proceeds, and redemption.  Subject to any agreement with the holders of its
revenue bonds, the authority may:



(1)  Notwithstanding any other law to the contrary,
invest its moneys not required for immediate use, including proceeds from the
sale of any revenue bonds, in any investment in accordance with procedures
prescribed in a trust indenture;



(2)  Purchase its revenue bonds out of any fund or
money of the authority available therefor, and hold, cancel, or resell the
revenue bonds. [L 1982, c 228, pt of §8]