Rhode Island § 35-8-22 § 35-8-22. Rebate to federal government.

Rhode Island Statutes

§ 35-8-22 — § 35-8-22. Rebate to federal government.

Rhode Island § 35-8-22

Title 35Public Finance

Ch. 35-8Bonded Indebtedness of State

This text of Rhode Island § 35-8-22 (§ 35-8-22. Rebate to federal government.) 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 § 35-8-22 (2026).

Text

§ 35-8-22. Rebate to federal government.
Notwithstanding any contrary provision of general or special law, the state and its
            agencies may rebate to the United States treasury any income from investments (including
            gains from the disposition of investments) of proceeds of bonds or notes to the extent
            deemed necessary to exempt (in whole or in part) the interest paid on the bonds or
            notes from federal income taxation.
         

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§ 35-8-22. Rebate to federal government.

Notwithstanding any contrary provision of general or special law, the state and its agencies may rebate to the United States treasury any income from investments (including gains from the disposition of investments) of proceeds of bonds or notes to the extent deemed necessary to exempt (in whole or in part) the interest paid on the bonds or notes from federal income taxation.