Section 1147-O. Bonds and notes as legal investment

The bonds of the
  authority are hereby made securities in which all public  officials  and
  bodies  of the 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, investment companies and other
  persons carrying on a banking business, and  administrators,  guardians,
  executors,   trustees  and  other  fiduciaries  and  all  other  persons
  whatsoever, who are now or may hereafter  be  authorized  to  invest  in
  bonds  or  notes,  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 may be received by all public officers and bodies  of
  this state and all municipalities for any purposes for which the deposit
  of bonds or notes or other obligations of this state is now or hereafter
  may be authorized.