§206E-106 Revenue bonds; investment of proceeds, and redemption. Subject to any agreement with the holders of its revenue bonds, the authority may:
(1) Notwithstanding any other law to the contrary, invest its moneys not required for immediate use, including proceeds from the sale of any revenue bonds, in any investment in accordance with procedures prescribed in a trust indenture;
(2) Purchase its revenue bonds out of any fund or money of the authority available therefor, and hold, cancel, or resell the revenue bonds. [L 1982, c 228, pt of §8]
Section: Previous 206e-34 206e-35 206e-101 206e-102 206e-103 206e-104 206e-105 206e-106 206e-107 206e-108 206e-109 206e-110 206e-111 206e-112 206e-113 NextLast modified: October 27, 2016