Rhode Island § 35-8.1-11 § 35-8.1-11. Loan to state authorized — Repayment subject to appropriation.

Rhode Island Statutes

§ 35-8.1-11 — § 35-8.1-11. Loan to state authorized — Repayment subject to appropriation.

Rhode Island § 35-8.1-11

Title 35Public Finance

Ch. 35-8.1Refunding Bond Authority

This text of Rhode Island § 35-8.1-11 (§ 35-8.1-11. Loan to state authorized — Repayment subject to appropriation.) 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 § 35-8.1-11 (2026).

Text

§ 35-8.1-11. Loan to state authorized — Repayment subject to appropriation.
The authority may lend money to the state, upon the request of the governor, by entering
            into a loan and trust agreement. The governor is authorized to enter into a loan and
            trust agreement with the authority for the loaning of money to the state upon such
            terms and conditions as shall be agreed upon by the governor and the authority. Upon
            the loaning and delivery of money to the state, the state shall be deemed to have
            agreed to make certain loan payments in order to provide revenues to the authority.
            Notwithstanding anything in this chapter or any loan and trust agreement 

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§ 35-8.1-11. Loan to state authorized — Repayment subject to appropriation.

The authority may lend money to the state, upon the request of the governor, by entering into a loan and trust agreement. The governor is authorized to enter into a loan and trust agreement with the authority for the loaning of money to the state upon such terms and conditions as shall be agreed upon by the governor and the authority. Upon the loaning and delivery of money to the state, the state shall be deemed to have agreed to make certain loan payments in order to provide revenues to the authority. Notwithstanding anything in this chapter or any loan and trust agreement to the contrary, the amounts required to be paid by the state shall be subject to and dependent upon appropriations being made from time to time by the general assembly for that purpose.