Section 1769. Moneys of the authority

1. All moneys of the authority shall
  be paid to the treasurer of the authority, who shall not commingle  such
  moneys  with  any  other  moneys.  The  moneys shall be deposited by the
  treasurer in a separate bank account or  accounts.  The  moneys  in  the
  accounts  shall  be  paid  out  by  the  treasurer  in  payment  of  the
  obligations of the authority according  to  procedures  adopted  by  the
  authority.
    2.  All deposits of the said moneys shall be secured by obligations of
  the United States or of the state of a market value equal at  all  times
  to  the  amount  of  the  deposit, and all banks and trust companies are
  authorized to give such security for the deposits. The securities  shall
  either  be deposited with the treasurer or be held by a trustee or agent
  satisfactory to the authority.
    3.  The  comptroller  of  the  state  and   his   legally   authorized
  representatives  are  authorized  and  empowered  from  time  to time to
  examine the accounts and books of the authority, including its receipts,
  disbursements, contracts, investments and any other records and payments
  relating to its financial standing.
    4. The authority  shall  have  power  to  contract  with  any  of  its
  bondholders  as  to  the  custody,  collection, securing, investment and
  payment of the moneys of the  authority  or  moneys  held  in  trust  or
  otherwise for the payment of bonds or in any way to secure bonds, and to
  carry out the contract, notwithstanding that the contract may be secured
  in  the  same manner as moneys of the authority, and all banks and trust
  companies are authorized to give such security for the deposits.