Rhode Island § 45-37.1-15 § 45-37.1-15. Agreement of the state.

Rhode Island Statutes

§ 45-37.1-15 — § 45-37.1-15. Agreement of the state.

Rhode Island § 45-37.1-15

Title 45Towns and cities

Ch. 45-37.1Industrial Facilities Corporation

This text of Rhode Island § 45-37.1-15 (§ 45-37.1-15. Agreement of the state.) 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 § 45-37.1-15 (2026).

Text

§ 45-37.1-15. Agreement of the state.
The state of Rhode Island does hereby pledge to and agree with the holders of any
            bonds or notes issued under this chapter, and with those parties who may enter into
            contracts with the corporation pursuant to the provisions of this chapter, that the
            state will not limit or alter the rights hereby vested in the corporation until the
            obligations, together with their interest, are fully met and discharged and the contracts
            are fully performed on the part of the corporation, provided that nothing contained
            in this chapter precludes the limitation or alteration if and when adequate provisions
            are made by 

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§ 45-37.1-15. Agreement of the state.

The state of Rhode Island does hereby pledge to and agree with the holders of any bonds or notes issued under this chapter, and with those parties who may enter into contracts with the corporation pursuant to the provisions of this chapter, that the state will not limit or alter the rights hereby vested in the corporation until the obligations, together with their interest, are fully met and discharged and the contracts are fully performed on the part of the corporation, provided that nothing contained in this chapter precludes the limitation or alteration if and when adequate provisions are made by law for the protection of the holders of the bonds or notes of the corporation or those entering into contracts with the corporation. The corporation is authorized to include this pledge and undertaking for the state in bonds, notes, or contracts.