2.59.2053    OTHER APPROVED QUASI-GOVERNMENT SECURITIES

(1)  Certain other securities are approved for mutual association investment. There is no dollar limit on a mutual association's investment in: 

(a)  general services administration (participation certificates);

(b)  maritime administration (bonds and notes); and

(c)  Washington metropolitan area transit authority (bonds).

(2)  A mutual association's investment is limited to 50% of capital in:

(a)  Asian development bank (bonds and notes);

(b)  financing corporation (FICO) (bonds);

(c)  Inter-American development bank (bonds);

(d)  resolution funding corporation (REFCORP) (bonds);

(e)  Tennessee valley authority (TVA) (bonds); and

(f)  world bank (bonds and notes).

History: 32-2-911, MCA; IMP, 32-2-908, 32-2-911, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22.