Rhode Island § 42-10-12 § 42-10-12. Bond accounts — Bond capital fund.

Rhode Island Statutes

§ 42-10-12 — § 42-10-12. Bond accounts — Bond capital fund.

Rhode Island § 42-10-12

Title 42State Affairs and Government

Ch. 42-10Treasury Department

This text of Rhode Island § 42-10-12 (§ 42-10-12. Bond accounts — Bond capital fund.) 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 § 42-10-12 (2026).

Text

§ 42-10-12. Bond accounts — Bond capital fund.
(a) The general treasurer shall keep an account with each issue of the state bonds, in
            which account the state shall be charged with the amount of the bonds contained in
            that issue and in which the numbers of the bonds shall be set forth; and the state
            shall be credited with the payments made on account of those bonds, indicating by
            their numbers in the account the particular bonds on account of which the payments
            shall be made.
         
(b) Notwithstanding the provisions of any law relative to the issuance of specific bonds
            to the contrary, all separate bon

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§ 42-10-12. Bond accounts — Bond capital fund.

(a) The general treasurer shall keep an account with each issue of the state bonds, in which account the state shall be charged with the amount of the bonds contained in that issue and in which the numbers of the bonds shall be set forth; and the state shall be credited with the payments made on account of those bonds, indicating by their numbers in the account the particular bonds on account of which the payments shall be made.

(b) Notwithstanding the provisions of any law relative to the issuance of specific bonds to the contrary, all separate bond funds in existence on May 10, 1977, shall be consolidated into one fund which shall be designated the "bond capital fundâ€�. The general treasurer shall keep account of the amount of the funds in the "bond capital fundâ€� attributable to the sale of all past and future bond issues.