Rhode Island § 42-82-8 § 42-82-8. Agricultural lands preservation fund.

Rhode Island Statutes

§ 42-82-8 — § 42-82-8. Agricultural lands preservation fund.

Rhode Island·Title 42 State Affairs and Government·Ch. 42-82 Farmland Preservation Act

§ 42-82-8. Agricultural lands preservation fund.
The general treasurer is directed to deposit the proceeds of the sale of the bonds
            including any premium or premiums and any accrued interest which may be received from
            the sale of the bonds, in one or more of the depositories in which the funds of the
            state may be lawfully kept, in the amount to be known as "agricultural lands preservation
            fundâ€� to be used as follows:
         
(1) For the purposes of § 42-82-5;
         
(2) As prescribed in § 42-82-12 in the case of premiums or accrued interest; and
         
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§ 42-82-8. Agricultural lands preservation fund.

The general treasurer is directed to deposit the proceeds of the sale of the bonds including any premium or premiums and any accrued interest which may be received from the sale of the bonds, in one or more of the depositories in which the funds of the state may be lawfully kept, in the amount to be known as "agricultural lands preservation fundâ€� to be used as follows:

(1) For the purposes of § 42-82-5;

(2) As prescribed in § 42-82-12 in the case of premiums or accrued interest; and

(3) In the event that the amount received from the sale of the bonds exceeds the amount necessary for the planning for or purchase of development rights to farmland, the surplus shall be used to the extent possible to retire the bonds as they may become due.

Rhode Island § 42-82-8 (§ 42-82-8. Agricultural lands preservation fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.