Rhode Island § 23-99-12 § 23-99-12. Bonds eligible for investment.

Rhode Island Statutes

§ 23-99-12 — § 23-99-12. Bonds eligible for investment.

Rhode Island § 23-99-12

Title 23Health and Safety

Ch. 23-99The Rhode Island Life Science Hub Act

This text of Rhode Island § 23-99-12 (§ 23-99-12. Bonds eligible for investment.) 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 § 23-99-12 (2026).

Text

§ 23-99-12. Bonds eligible for investment.
The notes and bonds of the hub shall be legal investments in which all public officers
            and public bodies of this state, its political subdivisions, all municipalities and
            municipal subdivisions, all insurance companies and associations and other persons
            carrying on an insurance business, all banks, bankers, banking institutions including
            savings and loan associations, building and loan associations, trust companies, savings
            banks and savings associations, investment companies and other persons carrying on
            a banking business, all administrators, guardians, executors, trustees, and other
            fiduciari

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§ 23-99-12. Bonds eligible for investment.

The notes and bonds of the hub shall be legal investments in which all public officers and public bodies of this state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, banking institutions including savings and loan associations, building and loan associations, trust companies, savings banks and savings associations, investment companies and other persons carrying on a banking business, all administrators, guardians, executors, trustees, and other fiduciaries, and all other persons who are now or may hereafter be authorized to invest in bonds or in other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them. The notes and bonds are also made securities which may properly and legally be deposited with and received by all public officers and bodies of the state or any agency or political subdivision of the state and all municipalities and public corporations for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized by law.