Rhode Island § 42-11.1-9 § 42-11.1-9. Disclaimer of state responsibility for interest payments incurred by contractors.

Rhode Island Statutes

§ 42-11.1-9 — § 42-11.1-9. Disclaimer of state responsibility for interest payments incurred by contractors.

Rhode Island § 42-11.1-9

Title 42State Affairs and Government

Ch. 42-11.1Prompt Payment by Department of Administration

This text of Rhode Island § 42-11.1-9 (§ 42-11.1-9. Disclaimer of state responsibility for interest payments incurred by contractors.) 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 § 42-11.1-9 (2026).

Text

§ 42-11.1-9. Disclaimer of state responsibility for interest payments incurred by contractors.
In the event that an interest payment is made by or incurred by a contractor in the
            course of transacting business with any entity other than a state agency, the interest
            shall not be an obligation of the state and the state shall not reimburse the contractor
            for the interest, nor shall any monies expended for the interest payments be counted
            toward any matching requirement applicable to grants or payments of state funds unless
            expressly permitted by statute or regulation.
         

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§ 42-11.1-9. Disclaimer of state responsibility for interest payments incurred by contractors.

In the event that an interest payment is made by or incurred by a contractor in the course of transacting business with any entity other than a state agency, the interest shall not be an obligation of the state and the state shall not reimburse the contractor for the interest, nor shall any monies expended for the interest payments be counted toward any matching requirement applicable to grants or payments of state funds unless expressly permitted by statute or regulation.