§ 49:326 — Federal bonds and debentures as security for public funds; investments of funds

Federal farm loan bonds issued by federal land banks, debentures issued by federal intermediate credit banks, and debentures issued by banks for cooperatives are hereby designated as security for all character of public funds and the state treasurer may invest in such securities, monies as are available for investment out of the free school investment fund, the state police retirement fund, the interest and bond redemption account of the Transportation Trust Fund, as well as any other funds under his control.

Legislative History

Acts 1976, No. 428, §1, eff. July 31, 1976; Acts 1999, No. 897, §3, eff. July 2, 1999.