Rhode Island § 42-133-9 § 42-133-9. Trust funds.

Rhode Island Statutes

§ 42-133-9 — § 42-133-9. Trust funds.

Rhode Island § 42-133-9

Title 42State Affairs and Government

Ch. 42-133Tobacco Settlement Financing Corporation Act

This text of Rhode Island § 42-133-9 (§ 42-133-9. Trust funds.) 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 § 42-133-9 (2026).

Text

§ 42-133-9. Trust funds.
All money received pursuant to the authority of this chapter, whether as provided
            from the sale of bonds or state's tobacco receipts purchased by the corporation, or
            investment income, shall be trust funds to be held and applied solely as provided
            in the proceedings under which the bonds of the corporation are authorized. Any officer
            with whom, or any bank or trust company with which monies shall be deposited as trustee,
            shall hold and apply the trust funds for the purposes for which the bonds are authorized,
            subject to the applicable provisions of this chapter, the proceedings authorizing
            the bonds, and the trus

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§ 42-133-9. Trust funds.

All money received pursuant to the authority of this chapter, whether as provided from the sale of bonds or state's tobacco receipts purchased by the corporation, or investment income, shall be trust funds to be held and applied solely as provided in the proceedings under which the bonds of the corporation are authorized. Any officer with whom, or any bank or trust company with which monies shall be deposited as trustee, shall hold and apply the trust funds for the purposes for which the bonds are authorized, subject to the applicable provisions of this chapter, the proceedings authorizing the bonds, and the trust agreement securing the bonds, if any.