Rhode Island § 45-38.1-5.2 § 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees.

Rhode Island Statutes

§ 45-38.1-5.2 — § 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees.

Rhode Island § 45-38.1-5.2

Title 45Towns and cities

Ch. 45-38.1Health and Educational Building Corporation

This text of Rhode Island § 45-38.1-5.2 (§ 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees.) 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 § 45-38.1-5.2 (2026).

Text

§ 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees.
The corporation is authorized and empowered to establish specific guidelines relating
            to the deposits of certain monies, endowments, or properties by educational institutions
            which would provide security for education loan funding programs, corporation loans,
            education loans, or for bonds or notes, and to establish guidelines relating to guarantees
            of or contracts to purchase education loans or bonds by the institutions or by financial
            institutions or others. A default reserve fund may be established for each series
            or issue of bonds. In this regard, the corporatio

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§ 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees.

The corporation is authorized and empowered to establish specific guidelines relating to the deposits of certain monies, endowments, or properties by educational institutions which would provide security for education loan funding programs, corporation loans, education loans, or for bonds or notes, and to establish guidelines relating to guarantees of or contracts to purchase education loans or bonds by the institutions or by financial institutions or others. A default reserve fund may be established for each series or issue of bonds. In this regard, the corporation is empowered to receive monies, endowments, properties, and guarantees as it deems appropriate and, if necessary, to take title in the name of the corporation or in the name of a participating educational institution or a trustee.

Legislative History

P.L. 1982, ch. 301, § 3; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1; P.L. 2025, ch. 79, § 1, effective June 17, 2025; P.L. 2025, ch. 80, § 1, effective June 17, 2025.