R.I. Gen. Laws § 24-12-40E: State guaranteed bonds — General provision.
Where this section sits in the code
- Title 24 Highways
- Chapter 12 Rhode Island Turnpike and Bridge Authority
All payments made by the authority to the general fund for amounts loaned to the authority for payments on bond interest paid on state guaranteed bonds, shall, if requested in writing by the director of administration, be deposited by the state controller to a restricted receipt account. The moneys and interest or income earned from their investment shall be used for the payment of debt service cost (principal and interest) for state general obligation bonds.
Collected 2026-09-05T19:57:16Z. Source file · JSON