Rhode Island § 42-133-12 § 42-133-12. Limited power to incur debt.

Rhode Island Statutes

§ 42-133-12 — § 42-133-12. Limited power to incur debt.

Rhode Island § 42-133-12

Title 42State Affairs and Government

Ch. 42-133Tobacco Settlement Financing Corporation Act

This text of Rhode Island § 42-133-12 (§ 42-133-12. Limited power to incur debt.) 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 § 42-133-12 (2026).

Text

§ 42-133-12. Limited power to incur debt.
The corporation and the board have no power to incur debt or obligations or in any
            way to encumber their assets except by the issuance of bonds, including the making
            of covenants in relation to the issuing of bonds and the incurring of expenses and
            obligations in connection with such issuance.
         

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