Section 1808. Bonds and notes of the authority legal investments for fiduciaries

The bonds and  notes  of  the  authority  are  hereby  made  securities  in which all public officers and bodies of the 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,  savings  associations,
  including   savings   and   loan  associations  and  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 who
  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. Notwithstanding any other  provision
  of  law,  the  bonds  and  notes  of  the authority 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 or other
  obligations of the state is now or may hereafter be authorized.