§516-104 Revenue bonds; investment of proceeds, and redemption. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] Subject to any agreement with the holders of its revenue bonds, the corporation may:
(1) Invest its moneys not required for immediate use, including proceeds from the sale of any revenue bonds, in accordance with section 201G-167;
(2) Purchase its revenue bonds out of any fund or money of the corporation available therefor, and hold, cancel, or resell the revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1997, c 350, §16]
§516-104 Revenue bonds; investment of proceeds, and redemption. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] Subject to any agreement with the holders of its revenue bonds, the administration may:
(1) Invest its moneys not required for immediate use, including proceeds from the sale of any revenue bonds, in accordance with section 201G-167;
(2) Purchase its revenue bonds out of any fund or money of the administration available therefor, and hold, cancel, or resell the revenue bonds. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 1997, c 350, §16; am L 2005, c 196, §26(b)]