Legislation
SECTION 1470-L
Bonds legal investments for public officers and fiduciaries
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 7, TITLE 3-A
* § 1470-l. Bonds legal investments for public officers and
fiduciaries. The bonds are hereby made securities in which all public
officers, and bodies of this state and all municipalities and municipal
subdivisions, all insurance companies and associations and other persons
carrying on an insurance business, all banks, bankers, trust companies,
savings banks and savings associations, including savings and loan
associations, building and loan associations, investment companies and
other persons carrying on a banking business, and all other persons
whatsoever who are now or may hereafter be authorized to invest in bonds
or other obligations of the state, may properly and legally invest funds
including capital in their control or belonging to them. The bonds are
also hereby made securities which may be deposited with and shall be
received by all public officers and bodies of this state and all
municipalities and municipal subdivisions for any purpose for which the
deposit of bonds or other obligations of this state is now or may
hereafter be authorized.
* NB City of Rome Parking Authority ceased to exist 12/31/2000 per §
1470-b, and thereafter until all liabilities have been met/discharged,
and all bonds paid/discharged
fiduciaries. The bonds are hereby made securities in which all public
officers, and bodies of this state and all municipalities and municipal
subdivisions, all insurance companies and associations and other persons
carrying on an insurance business, all banks, bankers, trust companies,
savings banks and savings associations, including savings and loan
associations, building and loan associations, investment companies and
other persons carrying on a banking business, and all other persons
whatsoever who are now or may hereafter be authorized to invest in bonds
or other obligations of the state, may properly and legally invest funds
including capital in their control or belonging to them. The bonds are
also hereby made securities which may be deposited with and shall be
received by all public officers and bodies of this state and all
municipalities and municipal subdivisions for any purpose for which the
deposit of bonds or other obligations of this state is now or may
hereafter be authorized.
* NB City of Rome Parking Authority ceased to exist 12/31/2000 per §
1470-b, and thereafter until all liabilities have been met/discharged,
and all bonds paid/discharged