Rhode Island § 16-4-1 § 16-4-1. Custody and investment of fund.

Rhode Island Statutes

§ 16-4-1 — § 16-4-1. Custody and investment of fund.

Rhode Island § 16-4-1

Title 16Education

Ch. 16-4Permanent School Fund [See Title 16 Chapter 97 â€” The Rhode Island Board of Education Act]

This text of Rhode Island § 16-4-1 (§ 16-4-1. Custody and investment of fund.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 16-4-1 (2026).

Text

§ 16-4-1. Custody and investment of fund.
The general treasurer with the advice of the governor shall have full power to regulate
            the custody and safekeeping of the permanent fund for the support of public schools,
            and, subject to the provisions of chapter 10 of title 35, shall keep the fund securely invested in bonds or notes of the United States, or
            in bonds of towns or cities within this state, or certificates of deposit, or commercial
            paper, or in other investments authorized by virtue of § 35-10-6; provided, that the securities in which the fund is invested may remain a part of
            the fund until exchanged for other securities.
         

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§ 16-4-1. Custody and investment of fund.

The general treasurer with the advice of the governor shall have full power to regulate the custody and safekeeping of the permanent fund for the support of public schools, and, subject to the provisions of chapter 10 of title 35, shall keep the fund securely invested in bonds or notes of the United States, or in bonds of towns or cities within this state, or certificates of deposit, or commercial paper, or in other investments authorized by virtue of § 35-10-6; provided, that the securities in which the fund is invested may remain a part of the fund until exchanged for other securities.

Legislative History

G.L. 1896, ch. 30, § 1; G.L. 1909, ch. 40, § 1; P.L. 1922, ch. 2234, § 1; G.L. 1923, ch. 41, § 1; G.L. 1938, ch. 194, § 1; G.L. 1956, § 16-4-1; P.L. 1979, ch. 173, § 1; P.L. 1986, ch. 287, art. 12, § 2.