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Alaska Statutes (Last Updated: January 11, 2017) |
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Title 44. STATE GOVERNMENT. |
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Chapter 44.88. ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY. |
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Article 44.88.03. FINANCIAL PROVISIONS. |
Section 44.88.150. Bonds legal investments for fiduciaries.
Latest version.
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The bonds of the authority are securities in which all public officers and bodies of the state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks, savings associations, including savings and loan associations and building and loan associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees and other fiduciaries, 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. Notwithstanding any other provisions of law, the bonds of the authority are also securities which may be deposited with and may be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized.