Rhode Island § 23-19-18 § 23-19-18. Trust funds.

Rhode Island Statutes

§ 23-19-18 — § 23-19-18. Trust funds.

Rhode Island § 23-19-18

Title 23Health and Safety

Ch. 23-19Rhode Island Resource Recovery Corporation

This text of Rhode Island § 23-19-18 (§ 23-19-18. 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 § 23-19-18 (2026).

Text

§ 23-19-18. Trust funds.
All money received pursuant to the authority of this chapter, whether as provided
            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 moneys shall be deposited as trustee, shall hold and apply the trust funds
            for the purposes for which the bonds or notes are authorized, subject to the applicable
            provisions of this chapter, the proceedings authorizing the bonds or notes, and the
            trust agreement securing the bo

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§ 23-19-18. Trust funds.

All money received pursuant to the authority of this chapter, whether as provided 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 moneys shall be deposited as trustee, shall hold and apply the trust funds for the purposes for which the bonds or notes are authorized, subject to the applicable provisions of this chapter, the proceedings authorizing the bonds or notes, and the trust agreement securing the bonds or notes, if any.