Note
Part designation added by revisor.
[§163D-12] Revenue bonds; investment of proceeds, and redemption. Subject to any agreement with the holders of its revenue bonds, the corporation may:
(1) Invest its moneys not required for immediate use, including proceeds from the sale of revenue bonds, in any investment in accordance with procedures prescribed in a trust indenture; and
(2) Purchase its revenue bonds out of any fund or money of the corporation available therefor, and hold, cancel, or resell the revenue bonds. [L 1994, c 264, pt of §1]
Section: Previous 163d-6 163d-7 163d-8 163d-8.5 163d-9 163d-10 163d-11 163d-12 163d-13 163d-14 163d-15 163d-15.5 163d-15.6 163d-16 163d-17 NextLast modified: October 27, 2016