Rhode Island § 24-12-32 § 24-12-32. Eligibility of bonds for investment.

Rhode Island Statutes

§ 24-12-32 — § 24-12-32. Eligibility of bonds for investment.

Rhode Island § 24-12-32

Title 24Highways

Ch. 24-12Rhode Island Turnpike and Bridge Authority

This text of Rhode Island § 24-12-32 (§ 24-12-32. Eligibility of bonds 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 § 24-12-32 (2026).

Text

§ 24-12-32. Eligibility of bonds for investment.
Bonds issued by the authority under the provisions of this chapter are hereby made
            securities in which all public officers and public bodies of the state and its political
            subdivisions, all insurance companies, trust companies, banking associations, investment
            companies, executors, administrators, trustees, and other fiduciaries may properly
            and legally invest funds, including capital in their control or belonging to them.
            The bonds are hereby made securities which may properly and legally be deposited with
            and received by any state or municipal officer or any agency or political subdivision
         

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§ 24-12-32. Eligibility of bonds for investment.

Bonds issued by the authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. The bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.