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Bonds to be legal investments - 64 Pa. Cons. Stat. § 1528

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     § 1528.  Bonds to be legal investments.
        (a)  Investments.--Bonds issued pursuant to this chapter are
     made securities in which all of the following may properly and
     legally invest funds, including capital, deposits or other funds
     in their control or belonging to them:
            (1)  Government agencies.
            (2)  Insurance companies.
            (3)  Trust companies.
            (4)  Banking associations, banking corporations and
        savings banks.
            (5)  Investment companies.
            (6)  Executors, trustees and other fiduciaries.
            (7)  Trustees of any retirement, pension or annuity fund
        or system of the Commonwealth.
        (b)  Deposits.--Bonds issued by the authority are made
     securities which may properly and legally be deposited with and
     received by a government agency for any purpose for which the
     deposit of bonds or other obligations of the Commonwealth are
     authorized by law.

Last modified: November 27, 2007