Section 13-1122 - Agreements to enhance marketability or to provide security; investments in bonds.
§ 13-1122. Agreements to enhance marketability or to provide security; investments in bonds.
(a) Agreements authorized.- The Authority may enter into agreements with agents, banks, insurers, or others for the purpose of enhancing the marketability of, or as a security for, its bonds.
(b) Investments authorized.- Any financial institution, investment company, insurance company or association, any personal representative, guardian, trustee, or other fiduciary, and any other public officer or unit of the State or a subdivision of the State may legally invest any moneys belonging to them or within their control in any bonds issued by the Authority.
[1996, ch. 601, § 1.]