Rhode Island § 46-25-61 § 46-25-61. Trust funds.

Rhode Island Statutes

§ 46-25-61 — § 46-25-61. Trust funds.

Rhode Island § 46-25-61

Title 46Waters and Navigation

Ch. 46-25Narragansett Bay Commission

This text of Rhode Island § 46-25-61 (§ 46-25-61. Trust funds.) 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 § 46-25-61 (2026).

Text

§ 46-25-61. Trust funds.
All money received pursuant to the issuance of revenue bonds or revenue notes or as
            revenues, receipts or income, shall be trust funds if such is provided for in the
            proceedings under which the revenue bonds or revenue notes are authorized. Any officer
            with whom, or any bank or trust company with which, money shall be deposited as trustee
            hereof shall hold and apply the money for the purposes thereof, subject to the applicable
            provisions of this chapter, the proceedings authorizing the revenue bonds or revenue
            notes, and the trust agreement securing the revenue bonds or revenue notes, if any.
         

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§ 46-25-61. Trust funds.

All money received pursuant to the issuance of revenue bonds or revenue notes or as revenues, receipts or income, shall be trust funds if such is provided for in the proceedings under which the revenue bonds or revenue notes are authorized. Any officer with whom, or any bank or trust company with which, money shall be deposited as trustee hereof shall hold and apply the money for the purposes thereof, subject to the applicable provisions of this chapter, the proceedings authorizing the revenue bonds or revenue notes, and the trust agreement securing the revenue bonds or revenue notes, if any.