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(1) The following may purchase an authority bond with funds owned or controlled by the purchaser:
(a) a person;
(b) a political subdivision of the state;
(c) another entity; or
(d) a public or private officer.
(2) Nothing in this section or Section 63H-2-402 may be construed to relieve a purchaser of an authority bond of a duty to exercise reasonable care in selecting securities.
(3) The authority may purchase its own authority bond at a price that the board determines.