67-8708. BONDS AS LEGAL INVESTMENTS. Notwithstanding any other provisions of law, all banks, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest sinking funds, money or other funds belonging to them or within their control in bonds issued under this chapter.
History:
[67-8708, added 2001, ch. 130, sec. 1, p. 454.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 87 - IDAHO BOND BANK AUTHORITY
Section 67-8701 - SHORT TITLE.
Section 67-8702 - DEFINITIONS.
Section 67-8704 - RETENTION OF OUTSIDE SERVICES.
Section 67-8705 - POWERS AND DUTIES OF THE AUTHORITY.
Section 67-8706 - ANNUAL REPORT.
Section 67-8707 - NEGOTIABILITY OF BONDS.
Section 67-8708 - BONDS AS LEGAL INVESTMENTS.
Section 67-8709 - TAX EXEMPTION.
Section 67-8711 - PURCHASE AND DISPOSITION OF BONDS.
Section 67-8712 - PRESUMPTION OF VALIDITY.
Section 67-8713 - RESERVE FUND — ADDITIONAL FUNDS AND ACCOUNTS.
Section 67-8714 - PERSONAL LIABILITY.
Section 67-8715 - EXEMPTION FROM EXECUTION AND SALE.
Section 67-8716 - UNLIMITED SALES TAX RECEIPTS PLEDGE.
Section 67-8717 - LIEN OF PLEDGE.
Section 67-8718 - CREDIT ENHANCEMENT OR LIQUIDITY.
Section 67-8719 - SURETY FOR DEPOSITS BY BANK.
Section 67-8720 - EXPENSES OF ADMINISTRATION.
Section 67-8722 - MUNICIPAL BONDS.
Section 67-8723 - COMPLETE AUTHORITY.
Section 67-8724 - RIGHTS NOT TO BE IMPAIRED BY STATE.
Section 67-8726 - COOPERATION BY GOVERNMENT AGENCIES.