§ 45-38.1-3. Definitions. As used in this chapter, the following words and terms have the following meaning unless the context indicates another or different meaning or intent: (1) “Bonds” means bonds of the corporation issued under the provisions of this chapter, including refunding bonds, notwithstanding that the bonds may be secured by mortgage or the […]
§ 45-38.1-4. Corporation established. (a) There is hereby created a public body corporate and agency of the state to be known as the “Rhode Island health and educational building corporation” as successor to the Rhode Island educational building corporation, previously created as a nonbusiness corporation under and pursuant to chapter 6 of title 7, as […]
§ 45-38.1-5. General grant of powers. The corporation has the following powers, together with all powers incidental or necessary for the performance of the following: (1) To have perpetual succession as a public body corporate and agency of the state and to adopt bylaws for the regulation of its affairs and the conduct of its […]
§ 45-38.1-5.1. Powers relative to education loan financing programs. (a) The corporation has all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others granted by this chapter: (1) To determine criteria and guidelines encompassing the type of, and qualifications […]
§ 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees. The corporation is authorized and empowered to establish specific guidelines relating to the deposits of certain monies, endowments, or properties by institutions for higher education which would provide security for education loan funding programs, corporation loans, education loans, or for bonds or notes, and to […]
§ 45-38.1-5.3. Conveyance of loan funding deposit after payment of bonds. When the principal of, interest on, and premium, if any, due in connection with bonds or notes of the corporation issued to finance the cost of an education loan financing program or programs, including any refunding bonds or notes issued to refund and refinance […]
§ 45-38.1-6. Acquisition of property. The corporation is authorized and empowered, directly, or by and through a participating institution for higher education or a participating municipality or a participating child daycare center or a participating healthcare provider, as its agent, to acquire by purchase or by gift or devise any lands, structures, property, real or […]
§ 45-38.1-7. Title to project. When the principal of and interest on bonds of the corporation issued to finance the cost of a particular project or projects for a participating institution for higher education or for a participating municipality or a participating child daycare center or for a participating healthcare provider, including any refunding bonds […]
§ 45-38.1-8. Notes of the corporation. The corporation has the power and is hereby authorized, from time to time, to issue its negotiable notes, revenues anticipation notes, and capital notes for any corporate purpose or project and renew, from time to time, any notes by the issuance of new notes, whether the notes to be […]
§ 45-38.1-9. Bonds of the corporation. (a) The corporation is authorized from time to time to issue its negotiable bonds for any corporate purpose or project. In anticipation of the sale of the bonds the corporation may issue negotiable bond anticipation notes and may renew those notes from time to time, but maximum maturity of […]
