18.62 Revenue obligations as legal investments. Any other provision of law to the contrary notwithstanding, any of the following may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any revenue obligations issued under this subchapter, which shall be authorized security for all public deposits:
(1) The state, the investment board, public officers, municipal corporations, political subdivisions, and public bodies.
(2) Banks and bankers, savings and loan associations, credit unions, trust companies, savings banks and institutions, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business.
(3) Personal representatives, guardians, trustees, and other fiduciaries.
History: 1977 c. 29; 2001 a. 102.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 18 - State debt, revenue obligations and operating notes.
18.04 - Purposes of public debt and amounts.
18.05 - Limitations on aggregate public debt.
18.07 - Form and content of evidence of indebtedness.
18.08 - Capital improvement fund.
18.09 - Bond security and redemption fund.
18.10 - Other fiscal and administrative regulations.
18.13 - Suits against the state.
18.15 - Diversion of funds, liability of officers for.
18.51 - Provisions applicable.
18.53 - Purposes of revenue obligations and amounts.
18.54 - Limitations on revenue obligations.
18.561 - Enterprise obligations.
18.562 - Special fund obligations.
18.57 - Funds established for revenue obligations.
18.58 - Other fiscal and administrative regulations.
18.59 - Bond anticipation notes.
18.60 - Refunding obligations.
18.61 - Undertakings of state.
18.62 - Revenue obligations as legal investments.
18.63 - Validation of revenue obligations.
18.70 - Provisions applicable.
18.72 - Purposes of operating notes.
18.725 - Limit on amount of operating notes.
18.74 - Application of operating note proceeds.
18.75 - Operating note redemption fund.
18.76 - Suits against the state.
18.84 - Schools as bond trustees or fiscal agents; contracts.