Rhode Island § 46-15.1-9 § 46-15.1-9. Temporary borrowing.

Rhode Island Statutes

§ 46-15.1-9 — § 46-15.1-9. Temporary borrowing.

Rhode Island § 46-15.1-9

Title 46Waters and Navigation

Ch. 46-15.1Water Supply Facilities

This text of Rhode Island § 46-15.1-9 (§ 46-15.1-9. Temporary borrowing.) 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 § 46-15.1-9 (2026).

Text

§ 46-15.1-9. Temporary borrowing.
The board may borrow money temporarily for the purposes of this chapter and chapter
            15.3 of this title in anticipation of revenue or federal aid or in anticipation of
            the issue of bonds, and issue notes therefor. Notes issued in anticipation of revenue
            may not mature or be refunded beyond one year from the date of their original issue,
            and notes issued in anticipation of federal aid or of the issue of bonds may not mature
            or be refunded beyond five (5) years from the date of their original issue. Notes
            shall be payable solely from such funds as are derived under this chapter or chapter
            15.3 of this title

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§ 46-15.1-9. Temporary borrowing.

The board may borrow money temporarily for the purposes of this chapter and chapter 15.3 of this title in anticipation of revenue or federal aid or in anticipation of the issue of bonds, and issue notes therefor. Notes issued in anticipation of revenue may not mature or be refunded beyond one year from the date of their original issue, and notes issued in anticipation of federal aid or of the issue of bonds may not mature or be refunded beyond five (5) years from the date of their original issue. Notes shall be payable solely from such funds as are derived under this chapter or chapter 15.3 of this title and provided for payment under the applicable trust agreement or resolution described in § 46-15.1-11, and shall contain a statement to this effect on their face.