{"data":{"id":"us-ri/r.i.-gen.-laws-35-12-6","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 35-12-6","heading":"Additional powers.","body":"In addition to the powers enumerated in § 35-12-5, the corporation shall have power to:\n(1) Purchase accounts from the university for such consideration and upon such terms and conditions as the corporation shall determine;\n(2) Pledge purchased accounts as security for any borrowings undertaken by the corporation or sell the accounts for such consideration and on such terms and conditions as the corporation shall determine;\n(3) Borrow money and issue notes and provide for the rights of the holders thereof, and secure the notes by assignment, pledge, or granting of a security interest in accounts, including, without limitation, all or a part of its interest in accounts for the purpose of providing funds to effectuate its purposes under this chapter; and\n(4) Create and establish such other fund or funds as may be necessary or desirable for its corporate purposes.","path":["Title 35 Public Finance","Chapter 12 University of Rhode Island Research Corporation"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE35/35-12/35-12-6.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:58:58Z","sha256":"d7e361be84af68ff5d51e72faea9465b8bc52e669944af862f7ad0098cfe8b84","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-35-12-5","next":"us-ri/r.i.-gen.-laws-35-12-7"},"notice":"GroundRules: Original legal text. Not legal advice."}