§ 35-8-27. Variable rate obligations and interest rate exchange agreements. (a) In connection with the issuance of duly authorized bonds or notes of the state, notwithstanding any other authority to the contrary, such bonds or notes may be issued in the form of variable rate obligations, so-called. In connection therewith, the state, acting through the […]
§ 35-8-28. Interest earnings on state bonded indebtedness — Federal requirements. Notwithstanding any general or public law or rule to the contrary, income from investments in the capital development fund may be applied to capital purposes and shall not become part of the general fund of the state to the extent necessary to exempt (in […]
§ 35-8-3. Sinking fund commission — Composition — Elective members — Quorum. (a) There is hereby authorized, created and established in the department of the general treasurer a sinking fund commission which shall perform the duties formerly performed by the board of commissioners of sinking funds as prescribed by this chapter, which board of commissioners […]
§ 35-8-4. Succession of sinking fund commission to previous board. The sinking fund commission shall perform the duties prescribed by this chapter. Wherever in any general law, public law, or resolution of the general assembly, or in any document, record, instrument, or proceeding authorized by law or resolution, unless the context or subject matter otherwise […]
§ 35-8-5. Officers of sinking fund commission. The governor shall be the chairperson, the general treasurer shall be the vice-chairperson, and the director of administration shall be the secretary of the sinking fund commission, and the general treasurer shall keep the accounts of the commission. In the event of the governor’s absence, the general treasurer […]
§ 35-8-6. Control and management of sinking funds — Investment. The sinking fund commission shall have the control and management of all sinking funds established for the redemption of any bonds or certificates of indebtedness issued by the state, except for investments which are made by the state investment commission under the provisions of chapter […]
§ 35-8-6.1. Exclusion from sinking fund commission authority. Notwithstanding any general law or special law to the contrary, the sinking fund commission shall have no authority to take or cause to be taken any action or actions that would adversely affect the exclusion from income taxation of interest on any bonds, notes or certificates of […]
§ 35-8-6.2. Sinking funds to replace bond issuance. (a) Prior to the issuance of previously authorized general obligation debt contained in the capital improvement plan, the sinking fund commission may cause a savings analysis to be performed to determine if the estimated savings resulting from the defeasance of the general obligation debt recommended for defeasance […]
§ 35-8-7. [Obsolete.]
§ 35-8-8. Safekeeping of securities and records of sinking fund commission. The sinking fund commission shall make provision for the safekeeping of its securities, and it may hire and pay for a place of security. The records and books of account of the commission shall be deposited in the vault in the office of the […]
§ 35-8-9. Records and annual report of sinking fund commission. The sinking fund commission shall keep a full record of its meetings and proceedings. The commission shall make a full report in writing to the general assembly on or before the tenth day of January in each year, showing respectively the conditions and manner of […]
