Rhode Island § 16-62-11 § 16-62-11. Trust funds.

Rhode Island Statutes

§ 16-62-11 — § 16-62-11. Trust funds.

Rhode Island § 16-62-11

Title 16Education

Ch. 16-62The Rhode Island Student Loan Authority

This text of Rhode Island § 16-62-11 (§ 16-62-11. Trust funds.) 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 § 16-62-11 (2026).

Text

§ 16-62-11. Trust funds.
All money received pursuant to the authority of this chapter, whether as proceeds
            from the sale of bonds or notes or as revenues, receipts, or income, shall be trust
            funds to be held and applied solely as provided in the proceedings under which the
            bonds or notes are authorized. Any officer with whom, or any bank or trust company
            with which, any money shall be deposited as trustee of it shall hold and apply the
            money for its purposes, subject to the applicable provisions of this chapter, the
            proceedings authorizing the bonds or notes, and the trust agreement securing those
            bonds or notes, if any.
         


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§ 16-62-11. Trust funds.

All money received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or notes or as revenues, receipts, or income, shall be trust funds to be held and applied solely as provided in the proceedings under which the bonds or notes are authorized. Any officer with whom, or any bank or trust company with which, any money shall be deposited as trustee of it shall hold and apply the money for its purposes, subject to the applicable provisions of this chapter, the proceedings authorizing the bonds or notes, and the trust agreement securing those bonds or notes, if any.