Rhode Island § 45-27-7 § 45-27-7. Repurchase of bonds.

Rhode Island Statutes

§ 45-27-7 — § 45-27-7. Repurchase of bonds.

Rhode Island § 45-27-7

Title 45Towns and cities

Ch. 45-27Housing Authority Bonds and Obligations

This text of Rhode Island § 45-27-7 (§ 45-27-7. Repurchase of bonds.) 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 § 45-27-7 (2026).

Text

§ 45-27-7. Repurchase of bonds.
The authority has power, out of any funds available therefor, to purchase any bonds
            issued by it at a price not more than the principal amount of the bonds and the accrued
            interest; provided, that bonds payable exclusively from the revenues of a designated
            project or projects shall be purchased out of any revenues available therefor. All
            bonds so purchased shall be cancelled. This section does not apply to the redemption
            of bonds.
         

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§ 45-27-7. Repurchase of bonds.

The authority has power, out of any funds available therefor, to purchase any bonds issued by it at a price not more than the principal amount of the bonds and the accrued interest; provided, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any revenues available therefor. All bonds so purchased shall be cancelled. This section does not apply to the redemption of bonds.