Rhode Island § 46-15.1-17.3 § 46-15.1-17.3. Limitation of powers.

Rhode Island Statutes

§ 46-15.1-17.3 — § 46-15.1-17.3. Limitation of powers.

Rhode Island § 46-15.1-17.3

Title 46Waters and Navigation

Ch. 46-15.1Water Supply Facilities

This text of Rhode Island § 46-15.1-17.3 (§ 46-15.1-17.3. Limitation of powers.) 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 § 46-15.1-17.3 (2026).

Text

§ 46-15.1-17.3. Limitation of powers.
The state does hereby pledge to and agree with the holders of any bonds issued by
            the board pursuant to this chapter that the state will not alter or limit the rights
            hereby vested in the board to fulfill the terms of any agreement made with or for
            the benefit of the holders of bonds, or in any way impair the rights and remedies
            of bondholders, until the bonds, together with the interest thereon, with interest
            on any unpaid installments of interest, and all costs and expenses in connection with
            any action or proceeding by or on behalf of the holders are fully met and discharged.
            The board is authoriz

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§ 46-15.1-17.3. Limitation of powers.

The state does hereby pledge to and agree with the holders of any bonds issued by the board pursuant to this chapter that the state will not alter or limit the rights hereby vested in the board to fulfill the terms of any agreement made with or for the benefit of the holders of bonds, or in any way impair the rights and remedies of bondholders, until the bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders are fully met and discharged. The board is authorized to include this pledge and agreement of the state in any agreement with bondholders.