Rhode Island § 28-37-3 § 28-37-3. Investment of surplus funds.

Rhode Island Statutes

§ 28-37-3 — § 28-37-3. Investment of surplus funds.

Rhode Island § 28-37-3

Title 28Labor and Labor Relations

Ch. 28-37Workersâ€™ Compensation Administrative Fund

This text of Rhode Island § 28-37-3 (§ 28-37-3. Investment of surplus 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 § 28-37-3 (2026).

Text

§ 28-37-3. Investment of surplus funds.
The general treasurer as custodian of this fund is authorized to invest any moneys
            not immediately necessary for the execution of the purposes of this fund in the class
            of securities legal for the investment of public moneys of this state; provided, that
            the investment shall at all times be so made that all the assets of the fund shall
            always be readily convertible into cash when needed for disbursements as provided
            in this chapter.
         

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§ 28-37-3. Investment of surplus funds.

The general treasurer as custodian of this fund is authorized to invest any moneys not immediately necessary for the execution of the purposes of this fund in the class of securities legal for the investment of public moneys of this state; provided, that the investment shall at all times be so made that all the assets of the fund shall always be readily convertible into cash when needed for disbursements as provided in this chapter.