[§356D-26]  Security for funds deposited bythe authority.  The authority, by resolution, may provide that all moneysdeposited by it shall be secured:

(1)  By any securities by which funds deposited by thedirector of finance may be legally secured as provided in section 38-3; or

(2)  By an undertaking with sureties as are approvedby the authority faithfully to keep and pay over upon the order of theauthority any deposits and agreed interest thereon, and all banks and trustcompanies are authorized to give any such security for those deposits. [L 2006,c 180, pt of §2]