Bonds issued by the authority under the provisions of this part are hereby made securities
in which all public officers and public bodies of the state and its political subdivisions
and all insurance companies, trust companies, banking associations, investment companies,
executors, administrators, trustees, and other fiduciaries may properly and legally
invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited
with and received by any state or municipal officer or any agency or political subdivision
of the state for any purpose for which the deposit of bonds or obligations of the
state is now or may hereinafter be authorized by law.
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