§ 638. Notes and bonds as legal investments
Notwithstanding any other law, the State and all public officers, governmental units, and agencies thereof, 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, all credit unions, and all executors, administrators, guardians, trustees, and other fiduciaries may legally invest any sinking funds, monies, or other funds belonging to them or within their control in any bonds or notes issued under this chapter, and the bonds or notes are authorized security for any and all public deposits. (Added 1973, No. 260 (Adj. Sess.), § 3, eff. April 11, 1974.)
Structure Vermont Statutes
Title 10 - Conservation and Development
Chapter 25 - Vermont Housing Finance Agency
§ 611. Creation of the Vermont Housing Finance Agency
§ 621. General powers and duties
§ 624. Making of loans to housing sponsors
§ 625. Procedure prior to financing of multi-family housing undertaken by housing sponsors
§ 626. Rules; insulation of structures
§ 628. Mortgage credit certificates
§ 632a. Reserve and pledged equity funds
§ 633. Refunding obligations — Issuance
§ 634. Refunding obligations — Sale
§ 635. Remedies of bondholders and noteholders
§ 637. Sovereign immunity, credit of State not pledged
§ 638. Notes and bonds as legal investments