Rhode Island § 42-82-13 § 42-82-13. Investment of receipt pending expenditures.

Rhode Island Statutes

§ 42-82-13 — § 42-82-13. Investment of receipt pending expenditures.

Rhode Island § 42-82-13

Title 42State Affairs and Government

Ch. 42-82Farmland Preservation Act

This text of Rhode Island § 42-82-13 (§ 42-82-13. Investment of receipt pending expenditures.) 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 § 42-82-13 (2026).

Text

§ 42-82-13. Investment of receipt pending expenditures.
All moneys in the fund not immediately required for payment pursuant to the provisions
            of this chapter may be invested by the state investment commission, as established
            by chapter 10 of title 35, pursuant to the provisions of that chapter; provided, however, that the securities
            in which the fund is invested shall remain a part of the funds as shall other securities
            for which the investment may from time to time, pursuant to that chapter, be exchanged;
            and provided, further, that the income from that investment shall become part of the
            fund, and shall be used to the extent possible to pay debt 

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§ 42-82-13. Investment of receipt pending expenditures.

All moneys in the fund not immediately required for payment pursuant to the provisions of this chapter may be invested by the state investment commission, as established by chapter 10 of title 35, pursuant to the provisions of that chapter; provided, however, that the securities in which the fund is invested shall remain a part of the funds as shall other securities for which the investment may from time to time, pursuant to that chapter, be exchanged; and provided, further, that the income from that investment shall become part of the fund, and shall be used to the extent possible to pay debt service costs.