Investment or deposit of proceeds - income therefrom.

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The state treasurer may invest and reinvest the proceeds of the notes in any securities which are legal investments for the fund from which the notes are payable or may deposit such proceeds in any eligible public depository. Notwithstanding the provisions of any other statute to the contrary, the income from any such investment or deposit shall be credited to the fund from which such notes are payable and shall be retained therein.

Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.

Editor's note: This section is similar to former § 24-75-910 as it existed prior to 1986.


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