§206J-15  Bonds as legal investments andlawful security.  Bonds issued pursuant to this chapter shall be and aredeclared to be legal and authorized investments for banks, savings banks, trustcompanies, savings and loan associations, insurance companies, fiduciaries,trustees, guardians, and for all public funds of the State or other politicalcorporations or subdivisions of the State.  Such bonds shall be eligible tosecure the deposit of any and all public funds of the State and any and allpublic funds of counties or other political corporations or subdivisions of theState, and such bonds shall be lawful and sufficient security for such depositsto the extent of their value when accompanied by all unmatured couponsappertaining thereto. [L 1981, c 236, pt of §1; ree L 1986, c 146, §12]