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

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

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