US Lawyer Database

38 §2220. Bonds as legal investments

§2220. Bonds as legal investments The revenue obligation securities of the agency and any loan or extension of credit issued under this article shall be legal investments in which all public officers and public bodies of the State, its political subdivisions, all regional associations and municipalities and municipal subdivisions, all insurance companies and associations and […]

38 §2221. Capital reserve funds; obligation of State

§2221. Capital reserve funds; obligation of State 1.  Capital reserve fund.  The agency may create and establish one or more capital reserve funds and may pay into any such capital reserve fund any money appropriated and made available by the State for the purposes of any such fund, any proceeds of sale by the agency […]