Rhode Island § 35-4-4.4 § 35-4-4.4. State Linked Deposit Policy — Exceptions.

Rhode Island Statutes

§ 35-4-4.4 — § 35-4-4.4. State Linked Deposit Policy — Exceptions.

Rhode Island § 35-4-4.4

Title 35Public Finance

Ch. 35-4State Funds

This text of Rhode Island § 35-4-4.4 (§ 35-4-4.4. State Linked Deposit Policy — Exceptions.) 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 § 35-4-4.4 (2026).

Text

§ 35-4-4.4. State Linked Deposit Policy — Exceptions.
(a) Nothing in §§ 35-4-4.1 — 35-4-4.6 shall be construed as to require the state, or its agencies and instrumentalities,
            to liquidate existing funds on deposit prior to their maturity date(s) in order to
            comply with §§ 35-4-4.1 — 35-4-4.6.
         
(b) Sections 35-4-4.1 — 35-4-4.6 are not applicable with respect to funds on deposit that were received from the proceeds
            of either bond or note offerings that have received ratings from at least one national
            credit rating service of at least A-1 or MIG 1 with respect to short-term borrowings
            or A with respect to long-

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§ 35-4-4.4. State Linked Deposit Policy — Exceptions.

(a) Nothing in §§ 35-4-4.1 — 35-4-4.6 shall be construed as to require the state, or its agencies and instrumentalities, to liquidate existing funds on deposit prior to their maturity date(s) in order to comply with §§ 35-4-4.1 — 35-4-4.6.

(b) Sections 35-4-4.1 — 35-4-4.6 are not applicable with respect to funds on deposit that were received from the proceeds of either bond or note offerings that have received ratings from at least one national credit rating service of at least A-1 or MIG 1 with respect to short-term borrowings or A with respect to long-term borrowings. In determining which financial institutions shall hold these investments, preference shall be given to those financial institutions that have achieved an "outstandingâ€� CRA rating.