Section 24-75-912 - Notes as legal investments and eligible collateral

Notwithstanding the provisions of any other statute to the contrary, notes meeting the investment requirements established in part 6 of this article shall be legal investments for any political subdivision or public body of the state and shall be eligible for use as collateral for deposits of public funds.L. 86: Entire part R&RE, p. 970, § 1, effective July 1. L. 89: Entire section amended, p. 1129, § 66, effective July 1.This section is similar to former § 24-75-912 as it existed prior to 1986.