Rhode Island § 42-116-21 § 42-116-21. Authorization to accept appropriated monies.

Rhode Island Statutes

§ 42-116-21 — § 42-116-21. Authorization to accept appropriated monies.

Rhode Island § 42-116-21

Title 42State Affairs and Government

Ch. 42-116Rhode Island Depositors Economic Protection Corporation

This text of Rhode Island § 42-116-21 (§ 42-116-21. Authorization to accept appropriated monies.) 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 § 42-116-21 (2026).

Text

§ 42-116-21. Authorization to accept appropriated monies.
(a) The corporation is authorized to accept any monies that may be appropriated from time
            to time by the general assembly for effectuating its corporate purposes including,
            without limitation, the payment of the initial expenses of administration and operation
            of the corporation and the establishment of reserves or contingency funds to be available
            for the payment of the principal of and the interest on any bonds, notes, certificates
            or other obligation of the corporation.
         
(b) The corporation is authorized to participate in any federal plan designed 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 42-116-21. Authorization to accept appropriated monies.

(a) The corporation is authorized to accept any monies that may be appropriated from time to time by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation of the corporation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes, certificates or other obligation of the corporation.

(b) The corporation is authorized to participate in any federal plan designed to alleviate a banking crisis and to accept any federal funds made available for that purpose.