§ 63-3219. Investment in bonds issued pursuant to this act - Use as collateral security.

Bonds issued pursuant to provisions of the University Hospitals Authority Act are hereby made securities in which all public officers and public boards, agencies and instrumentalities of the state and its political subdivisions, all banks, trust companies, trust and loan associations, investment companies, and others carrying on a banking business, and all insurance companies and insurance associations, and others carrying on an insurance business, may legally and properly invest.  Such bonds are also approved as collateral security for the deposit of any public funds and for the investment of trust funds.

Added by Laws 1993, c. 330, § 19, eff. July 1, 1993.