Section 1199-LLL. Bonds legal investments for fiduciaries

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 other obligations of the state, may properly and legally invest
  funds  including  capital  in  their  control or belonging to them.  The
  bonds are also hereby made securities which may be  deposited  with  and
  may  be  received by all public officers and bodies of the state and all
  municipalities for any purposes for which the deposit of bonds or  other
  obligations of the state is now or hereafter may be authorized.