<[As added by L.1986, c. 517. See, also, Public Authorities Law § 1020-m, in another title 1-A, post.]>
Any bonds or notes issued by the authority are hereby made securities in which all
public officers and bodies of this state and all municipalities, 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, all trusts, estates and guardianships 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 and notes are also hereby made securities which may be deposited with
and shall be received by all public officers and bodies of the state and all municipalities
for any purpose for which the deposit of bonds or other obligations of the state is
now or may hereafter be authorized.
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