Rhode Island § 42-44.1-5 § 42-44.1-5. Bonds authorized — Maturity — Certification and execution.

Rhode Island Statutes

§ 42-44.1-5 — § 42-44.1-5. Bonds authorized — Maturity — Certification and execution.

Rhode Island § 42-44.1-5

Title 42State Affairs and Government

Ch. 42-44.1Sewage and Water Supply Failure Fund

This text of Rhode Island § 42-44.1-5 (§ 42-44.1-5. Bonds authorized — Maturity — Certification and execution.) 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 § 42-44.1-5 (2026).

Text

§ 42-44.1-5. Bonds authorized — Maturity — Certification and execution.
(a) The general treasurer is hereby authorized and empowered, with the approval of the
            governor and in accordance with the provisions of this chapter, to issue from time
            to time bonds in the name and behalf of the state and in such amounts as may be specified
            in an amount not to exceed five million dollars ($5,000,000) from time to time by
            the governor to be designated as "Sewage System and Water Supply Failure Fund of 1984.â€�
            The bonds shall be in denominations of one thousand dollars ($1,000) each or multiples
            thereof, and shall be payable in any coin or currency of th

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

§ 42-44.1-5. Bonds authorized — Maturity — Certification and execution.

(a) The general treasurer is hereby authorized and empowered, with the approval of the governor and in accordance with the provisions of this chapter, to issue from time to time bonds in the name and behalf of the state and in such amounts as may be specified in an amount not to exceed five million dollars ($5,000,000) from time to time by the governor to be designated as "Sewage System and Water Supply Failure Fund of 1984.â€� The bonds shall be in denominations of one thousand dollars ($1,000) each or multiples thereof, and shall be payable in any coin or currency of the United States that at the time of payment shall be legal tender for public or private debts. The bonds shall bear such date or dates, mature at such time or times not exceeding twenty (20) years from their respective date of issue, bear interest payable semiannually at such rate or different varying rates, be payable at such time or times, at such place or places, be subject to such terms of recall or redemption, with or without premium, and be in such form, with or without interest coupons attached, carrying such registration, conversion, reconversion, transfer, debt requirement, acceleration, and other provisions as may be fixed by the general treasurer, with the approval of the governor, upon each issue of the bonds at the time of each issue.

(b) Whenever the governor shall approve the issuance of the bonds the governor shall certify approval to the secretary of state; the general treasurer shall countersign the bonds and affix the seal of the state. The approval of the governor shall be endorsed on each bond so approved with a facsimile of the governor's signature.