12-8,100. Same; investment in bonds issued; deposit for purposes authorized by law.
12-8,100
12-8,100. Same; investment in bonds issued; deposit for purposes authorized
by law.
Revenue bonds issued by any municipal energy agency under the provisions
of this act are hereby made securities in which all public officers and
public bodies of the state and its political subdivisions,
insurance companies, trust companies, banking associations, investment companies,
executors, administrators, trustees and other fiduciaries may properly
and legally invest funds, including capital in their control. Such bonds
are hereby made securities which properly and legally may be deposited with
any officer of the state or of any political subdivision of the state or
with any agency of the state for any purpose for which the deposit of bonds
or obligations of the state is now or may hereafter be authorized by law.
History: L. 1977, ch. 48, § 16; July 1.