11-25-17 - Residential rehabilitation bonds as investments or deposits. - Utah Statutes

11-25-17. Residential rehabilitation bonds as investments or deposits.
Notwithstanding any other provisions of law, bonds issued pursuant to this part shall belegal investments for all trust funds, the funds of insurance companies, savings and loanassociations, investment companies and banks, both savings and commercial, and shall be legalinvestments for executors, administrators, trustees, and all other fiduciaries. The bonds shall belegal investments for state school funds and for any fund which may be invested in county,municipal, or school district bonds, and the bonds shall be deemed to be securities which mayproperly and legally be deposited with, and received by, any state or municipal officer or by anyagency or political subdivision of the state for any purpose for which the deposit of bonds orobligations of the state is now, or may hereafter be, authorized by law, including deposits tosecure public funds.

Enacted by Chapter 276, 1977 General Session