Rhode Island § 24-12-40E § 24-12-40E. State guaranteed bonds — General provision.

Rhode Island Statutes

§ 24-12-40E — § 24-12-40E. State guaranteed bonds — General provision.

Rhode Island § 24-12-40E

Title 24Highways

Ch. 24-12Rhode Island Turnpike and Bridge Authority

This text of Rhode Island § 24-12-40E (§ 24-12-40E. State guaranteed bonds — General provision.) 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 § 24-12-40E (2026).

Text

§ 24-12-40E. State guaranteed bonds — General provision.
All payments made by the authority to the general fund for amounts loaned to the authority
            for payments on bond interest paid on state guaranteed bonds, shall, if requested
            in writing by the director of administration, be deposited by the state controller
            to a restricted receipt account. The moneys and interest or income earned from their
            investment shall be used for the payment of debt service cost (principal and interest)
            for state general obligation bonds.
         

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§ 24-12-40E. State guaranteed bonds — General provision.

All payments made by the authority to the general fund for amounts loaned to the authority for payments on bond interest paid on state guaranteed bonds, shall, if requested in writing by the director of administration, be deposited by the state controller to a restricted receipt account. The moneys and interest or income earned from their investment shall be used for the payment of debt service cost (principal and interest) for state general obligation bonds.