Section 2712. Bonds as legal investments

The bonds of the authority are
  hereby made securities in which all public officers and bodies  of  this
  state  and  all municipalities and municipal subdivisions, 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 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 this state and all municipalities  and  municipal
  subdivisions  for  any  purpose  for  which the deposit of bonds of this
  state is now or may hereafter be authorized.