§ 15-5-305 - Authorized investors.
15-5-305. Authorized investors.
Any municipality or any board, commission, or other authority duly established by ordinance of any municipality or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any such municipality or the board of trustees of any retirement system created by the General Assembly, in its discretion, may invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter and 15-5-101 -- 15-5-106, 15-5-201 -- 15-5-211, and 15-5-213, and bonds issued under the provisions of this subchapter and 15-5-101 -- 15-5-106, 15-5-201 -- 15-5-211, and 15-5-213 shall be eligible to secure the deposit of public funds.