Section 1020-M. Legal investments

Any  bonds  or  notes issued by the
  authority are hereby made securities in which all  public  officers  and
  bodies of this state and all municipalities, all insurance companies and
  associations  and  other  persons carrying on an insurance business, all
  banks, bankers, trust companies, savings banks and savings associations,
  including savings and loan associations, building and loan associations,
  investment companies and other persons carrying on a  banking  business,
  all  trusts, estates and guardianships and all other persons whatsoever,
  who are now or may hereafter be authorized to invest in bonds  or  other
  obligations  of  the  state,  may  properly  and  legally  invest funds,
  including capital in their control or belonging to them. The  bonds  and
  notes  are  also  hereby made securities which may be deposited with and
  shall be received by all public officers and bodies of the state and all
  municipalities for any purpose for which the deposit of bonds  or  other
  obligations of the state is now or may hereafter be authorized.
    * NB There are 2 § 1020-m's