Rhode Island § 45-38.1-7 § 45-38.1-7. Title to project.

Rhode Island Statutes

§ 45-38.1-7 — § 45-38.1-7. Title to project.

Rhode Island § 45-38.1-7

Title 45Towns and cities

Ch. 45-38.1Health and Educational Building Corporation

This text of Rhode Island § 45-38.1-7 (§ 45-38.1-7. Title to project.) 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 § 45-38.1-7 (2026).

Text

§ 45-38.1-7. Title to project.
When the principal of and interest on bonds of the corporation issued to finance the
            cost of a particular project or projects for a participating educational institution,
            for a participating municipality, or for a participating healthcare provider, including
            any refunding bonds or notes issued to refund and refinance the bonds or notes, have
            been fully paid and retired, or when adequate provision has been made to fully pay
            and retire the bonds or notes, and all other conditions of the resolution or trust
            agreement authorizing and securing the bonds or notes have been satisfied and the
            lien of the resolution

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§ 45-38.1-7. Title to project.

When the principal of and interest on bonds of the corporation issued to finance the cost of a particular project or projects for a participating educational institution, for a participating municipality, or for a participating healthcare provider, including any refunding bonds or notes issued to refund and refinance the bonds or notes, have been fully paid and retired, or when adequate provision has been made to fully pay and retire the bonds or notes, and all other conditions of the resolution or trust agreement authorizing and securing the bonds or notes have been satisfied and the lien of the resolution or trust agreement has been released in accordance with its provisions, the corporation shall promptly do things and execute deeds and conveyances that are necessary and required to convey title to the project or projects to the participating educational institution, the participating municipality, or the participating healthcare provider, free and clear of all liens and encumbrances, all to the extent that title to the project or projects shall not, at the time, then be vested in the participating educational institution, the participating municipality, or the participating healthcare provider.

Legislative History

P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1; P.L. 2022, ch. 227, § 1, effective June 27, 2022; P.L. 2022, ch. 228, § 1, effective June 27, 2022; P.L. 2025, ch. 79, § 1, effective June 17, 2025; P.L. 2025, ch. 80, § 1, effective June 17, 2025.