§ 42-44.1-1. Legislative findings and intent. It is the finding of the general assembly that the health, safety, and welfare of many of the people of the state are being jeopardized by the failure of individual sewage disposal systems and the irremediable contamination of private drinking water wells; that these septic system failures or well […]
§ 42-44.1-10. Terms and conditions of sales — Applications of premiums and accrued interest — Validity not affected by change in office. (a) Any bond or note issued under the authority of this chapter shall be sold from time to time at not less than the principal amount thereof on such terms and conditions as […]
§ 42-44.1-11. Investment of moneys 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 […]
§ 42-44.1-12. Amortization. For the purpose of paying any expenses incurred by the general treasurer in the issuance of the bonds or notes under the authority of this chapter, and any interest and any principal becoming payable from time to time on the bonds or notes issued under the authority of this chapter and then […]
§ 42-44.1-13. Severability. If any provisions of this chapter or of any rule, regulation, or order made thereunder, or the application thereof to any person or circumstances, is held invalid by a court of competent jurisdiction, the remainder of this chapter, rule, regulation, or order, and the application of the provision to other persons or […]
§ 42-44.1-2. Definitions. The following words and terms, unless the context clearly indicates a different meaning, have the following meanings: (1) “Affected residence” refers to a residence which has an ISDS failure or a contaminated domestic water supply; (2) “Contaminated domestic water supply” refers to the primary source of drinking and household water for a […]
§ 42-44.1-3. Sewage and water supply failure program. (a) There is hereby created as a separate program to be called the sewage and water supply failure revolving loan program which shall be administered by the general treasurer in accordance with the same laws and fiscal procedures as the general funds of the state. The program […]
§ 42-44.1-4. Administration of the program. The department of environmental management shall: (1) Develop the criteria by rule and regulation necessary for defining eligible projects and recipients; (2) Prepare and adopt rules regulating loan generation, disbursement, payback period, and mortgage covenants; and (3) Establish procedures consistent with the purposes of this chapter. History of Section.P.L. […]
§ 42-44.1-5. Bonds authorized — Maturity — Certification and execution. (a) The general treasurer is hereby authorized and empowered, with the approval of the governor and in accordance with the provisions of this chapter, to issue from time to time bonds in the name and behalf of the state and in such amounts as may […]
§ 42-44.1-6. Sewage system and water supply failure. The general treasurer is hereby directed to deposit the proceeds of the sale of the bonds, including any premium or premiums and any accrued interest which may be received from the sale thereof, in one or more of the depositories in which the funds of the state […]
§ 42-44.1-7. Temporary notes. (a) The general treasurer is hereby authorized and empowered, with the approval of the governor, and in accordance with the provisions of this chapter, to borrow upon temporary notes issued in anticipation of the issuance of bonds, from time to time, in the name and behalf of the state, sums of […]
§ 42-44.1-8. Advances from general fund in anticipation of the issue of notes or bonds. The general treasurer is authorized from time to time with the approval of the governor, in the anticipation of the issue of notes or bonds under the authority of this chapter, to advance to the fund, to be used for […]
§ 42-44.1-9. Bonds and notes tax exempt general obligation of state. All bonds and notes issued under the authority of this chapter shall be exempt from taxation in the state and shall be general obligations of the state, and the full faith and credit of the state are hereby pledged for the due payment of […]
