Rhode Island § 46-25-43 § 46-25-43. Investment of receipt pending expenditures.

Rhode Island Statutes

§ 46-25-43 — § 46-25-43. Investment of receipt pending expenditures.

Rhode Island·Title 46 Waters and Navigation·Ch. 46-25 Narragansett Bay Commission

§ 46-25-43. Investment of receipt pending expenditures.
All moneys in the fund, not immediately required for payment pursuant to the provisions
            of this chapter, may be invested by the state investment commission, as established
            by chapter 10 of title 35, pursuant to the provisions of that chapter; provided, however, that the securities
            in which the fund is invested shall remain a part of the funds, as shall other securities
            for which the funds may from time to time, pursuant to that chapter, be exchanged,
            and provided, further, that the income from the investment shall become part of the
            fund, and shall be used to the extent possible to pay debt ser

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§ 46-25-43. Investment of receipt pending expenditures.

All moneys in the fund, not immediately required for payment pursuant to the provisions of this chapter, may be invested by the state investment commission, as established by chapter 10 of title 35, pursuant to the provisions of that chapter; provided, however, that the securities in which the fund is invested shall remain a part of the funds, as shall other securities for which the funds may from time to time, pursuant to that chapter, be exchanged, and provided, further, that the income from the investment shall become part of the fund, and shall be used to the extent possible to pay debt service costs.

Rhode Island § 46-25-43 (§ 46-25-43. Investment of receipt pending expenditures.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.