§ 41-10-505 — Security for Deposit of Governmental Funds

Any bonds issued by the authority may be used by the holders thereof as security for deposits of any funds belonging to the state or to any instrumentality, agency, or political subdivision of the state in any instance where security for such deposits may be required or permitted by law.

Legislative History

(Acts 1990, No. 90-603, p. 1094, §16.)