[§342D-91]  Revenue bonds; investment ofproceeds, and redemption.  Subject to any agreement with the holders of itsrevenue bonds, the director may:

(1)  Invest moneys not required for immediate use,including proceeds from the sale of any revenue bonds, funds held in reserve orsinking funds or any funds not required for immediate disbursement, in propertyor securities in which savings banks may legally invest funds subject to theircontrol.  No provisions with respect to the investment of moneys or theacquisition, operation, or disposition of property by other public bodies shallbe applicable to the director or department unless the legislature shallspecifically so state; and

(2)  Purchase revolving fund revenue bonds out of anyfund or money available therefor, and hold, cancel, or resell the revenuebonds. [L 1997, c 221, pt of §1]