SECTION 1.  Section 16 of chapter 294 of the acts of 1961 as most recently amended by chapter 253 of the acts of 2014 is hereby further amended by adding after clause (iv) the following clause:-

(v) Upon a 2/3 vote of its board of directors and having established that such activity will not adversely affect its safety and soundness and having adequate policies and procedures to ensure such investments governing the performance of the corporation and its employees, to minimize any credit, market, liquidity, operations, legal and reputation risks to the corporation, may make investments under the “prudent person” authority as follows:

(1) In investments not specifically enumerated in chapter 294, section 12 of the acts of 1961 and chapter 253, section 16 of the acts of 2014 with broad based authority.  The corporation may invest up to 25% of its assets in these investments at the time of purchase with the investment in any one issuer not exceeding 5% of the corporation’s total assets at the time of purchase.

(2) The corporation may authorize investment advisers registered under the Investment Advisers Act of 1940 to acquire or dispose of investments for the corporation.