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·Title 24 Highways·Ch. 24-12 Rhode Island Turnpike and Bridge Authority

§ 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.
         

Free access — add to your briefcase to read the full text and ask questions with AI

§ 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.

Rhode Island § 24-12-40E (§ 24-12-40E. State guaranteed bonds — General provision.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.