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This entry was published on 2014-09-22
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SECTION 860
Moneys of the agency
General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 1
§ 860. Moneys of the agency. The agency shall have power to contract
with the holders of any of its bonds or notes as to the custody,
collection, securing, investment and payment of any moneys of the agency
or any moneys held in trust or otherwise for the payment of bonds or
notes or in any way to secure bonds or notes and to carry out any such
contract. Moneys held in trust or otherwise for the payment of bonds or
notes or in any way to secure bonds or notes and deposits of such moneys
may be secured in the same manner as moneys of the agency, and all banks
and trust companies are authorized to give such security for such
deposits.