§ 46-12.2-16 - Bonds eligible for investment.
SECTION 46-12.2-16
§ 46-12.2-16 Bonds eligible forinvestment. – Bonds issued by the agency under this chapter and local governmentalobligations issued hereunder are hereby made securities in which all publicofficers and agencies of the state and its political subdivisions, allinsurance companies, trust companies in their commercial departments, savingsbanks, cooperative banks, banking associations, investment companies,executors, administrators, trustees, and other fiduciaries may properly investfunds, including capital in their control or belonging to them. The bonds andlocal governmental obligations are hereby made securities which may properly bedeposited with and received by any state or municipal officer of any agency orpolitical subdivision of the state for any purpose for which the deposit ofbonds or obligations of the state or any political subdivision is now or mayhereafter be authorized by law.