Section 19. Bonds issued by the Authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the commonwealth and its political subdivisions, all insurance companies, trust companies, savings banks, co-operative banks, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any commonwealth or municipal officer or any agency or political subdivision of the commonwealth for any purpose for which the deposit of bonds or obligations of the commonwealth is now or may hereafter be authorized by law.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title II - Executive and Administrative Officers of the Commonwealth
Chapter 15c - Massachusetts College Student Loan Authority
Section 1 - Policy and Purpose
Section 5 - Purposes of Authority; Powers
Section 5a - College Opportunity Program; Bonds; Issuance; Redemption; Tuition Agreements
Section 5c - Comprehensive State-Supported Supplemental Education Loan Program; Development
Section 6 - Payment of Expenses
Section 7 - Guidelines for Deposits of Monies, Endowments, etc.; Default Reserve Fund
Section 8 - Conveyance of Assets Comprising Loan Funding Deposits
Section 9 - Negotiable Notes; Issuance; Terms or Conditions
Section 11 - Trust Agreements as Security for Revenue Bonds or Notes; Provisions of Trust Agreements
Section 12 - Payment of Bonds or Notes; Liability of Commonwealth
Section 13 - Fees; Contracts; Pledge of Revenues; Sinking Fund
Section 14 - Monies Received; Trust Funds
Section 14a - State Colleges and Universities Participation Fund
Section 14b - College Opportunity Fund; Purposes; Pledges
Section 16 - Exercise of Powers for Benefit of Commonwealth; Tax Exempt Status
Section 18 - Investment of Funds by Authority
Section 19 - Bonds as Investment Securities
Section 20 - Report of Authority; Audit
Section 21 - Powers of Participating Higher Education Institutions; Interest Rates
Section 22 - Employees; Social Security; Security Interests in Revenues and Receipts; Priority
Section 22a - Civil Actions; Liability, Losses, Expenses; Insurance; Limitation of Actions
Section 24 - New England Education Loan Marketing Corporation as Separate Entity
Section 25 - Construction of Law
Section 26 - Bankruptcy of Borrower
Section 27 - Rights and Properties of Authority Upon Dissolution, Liquidation or Other Termination