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Home » US Law » 2022 Rhode Island General Laws » Title 35 - Public Finance » Chapter 35-8 - Bonded Indebtedness of State

Section 35-8-10. – Expenses of sinking fund commission members.

§ 35-8-10. Expenses of sinking fund commission members. The actual expenses of the members of the sinking fund commission, when certified by the secretary and approved by the governor, shall be paid from the state treasury. History of Section.G.L. 1896, ch. 32, § 9; G.L. 1909, ch. 42, § 9; G.L. 1923, ch. 43, § […]

Section 35-8-10.1. – Expenses of sinking fund commission.

§ 35-8-10.1. Expenses of sinking fund commission. The commission may incur reasonable expenses in the fulfillment of its duties, including but not limited to bond counsel and financial advisement. These expenses shall be paid out of the commission’s annual appropriation. History of Section.P.L. 1998, ch. 31, art. 26, § 3.

Section 35-8-11. – Payments into sinking funds.

§ 35-8-11. Payments into sinking funds. Beginning with fiscal year 2005, the sinking fund shall receive such sums as may be appropriated by the General Assembly. History of Section.G.L. 1896, ch. 32, § 11; G.L. 1909, ch. 42, § 11; G.L. 1923, ch. 43, § 11; P.L. 1931, ch. 1696, § 1; G.L. 1938, ch. […]

Section 35-8-12. – Annual deficit payments to sinking fund commission.

§ 35-8-12. Annual deficit payments to sinking fund commission. Annually, within five (5) days after the fifteenth of June in each fiscal year, the sinking fund commission shall certify in writing to the controller the sum necessary to offset any deficit then existing in the sinking fund and thereupon, on or before the last business […]

Section 35-8-13. – Surplus remaining after redemption of bonds.

§ 35-8-13. Surplus remaining after redemption of bonds. All sums of money remaining in the hands of the sinking fund commission, after the redemption of any bonds, shall, if not otherwise directed by the general assembly, be added by them to the sinking fund for the bonds yet to mature. History of Section.G.L. 1896, ch. […]

Section 35-8-14. – General sinking fund established.

§ 35-8-14. General sinking fund established. The general treasurer is authorized and directed to establish a general sinking fund for the purpose of providing funds for the payment of all state bonds at maturity, including all bonds authorized and issued according to law, and to transfer all the existing sinking funds to the general sinking […]

Section 35-8-15. – Custody of securities in general sinking fund.

§ 35-8-15. Custody of securities in general sinking fund. Subject to the provisions of § 35-8-8, and to the orders of the sinking fund commission or the state investment commission, the general treasurer shall have the custody of all securities in the general sinking fund established under the provisions of this chapter. History of Section.G.L. […]

Section 35-8-17. – Replacement or repair of damaged bonds or notes.

§ 35-8-17. Replacement or repair of damaged bonds or notes. Whenever the board is satisfied that any instrument or printed or written paper presented to it is in fact a valid bond or note of the state but it is so damaged that its condition is such as to hinder or prevent the owner or […]

Section 35-8-20. – Minibonds.

§ 35-8-20. Minibonds. Notwithstanding any provision of general or public law to the contrary, whenever the general treasurer is authorized by any general or public law to issue and sell bonds of the state, he or she may determine, with the approval of the governor, to issue and sell all or a portion of the […]

Section 35-8-21. – Consolidation of bond issues.

§ 35-8-21. Consolidation of bond issues. Bonds or notes issued pursuant to two (2) or more bond or note authorization acts may be consolidated for the purpose of sale and issued, sold, printed, and delivered as a single bond or note issue despite the requirement of any bond or note authorization act requiring or designating […]

Section 35-8-22. – Rebate to federal government.

§ 35-8-22. Rebate to federal government. Notwithstanding any contrary provision of general or special law, the state and its agencies may rebate to the United States treasury any income from investments (including gains from the disposition of investments) of proceeds of bonds or notes to the extent deemed necessary to exempt (in whole or in […]

Section 35-8-23. – Repealed.

§ 35-8-23. Repealed. History of Section.P.L. 1986, ch. 110, § 5; Repealed by P.L. 1990, ch. 492, § 8, effective July 12, 1990.

Section 35-8-24. – Bonds to be eligible for Rhode Island savings bond program.

§ 35-8-24. Bonds to be eligible for Rhode Island savings bond program. Unless otherwise provided therein, public laws which authorize the state to issue its general obligation bonds are “general obligation bond acts” as that term is defined in § 35-15-2(2). History of Section.P.L. 1988, ch. 426, § 5; P.L. 1990, ch. 54, § 3.

Section 35-8-25. – Extinguishment of authorized but unissued debt.

§ 35-8-25. Extinguishment of authorized but unissued debt. (a) Any special act of the state which: (1) Authorizes the issuance of general obligation bonds or notes of the state; (2) Has a balance which remains unissued; and (3) Is seven (7) years or older; shall become invalid, but only as to that portion which remains […]

Section 35-8-26. – Refunding bonds.

§ 35-8-26. Refunding bonds. (a) When bonds or notes have been issued as provided in this chapter, the general treasurer shall be authorized and empowered hereby, with the approval of the governor and in accordance with this chapter, to issue, from time to time, refunding bonds or notes of the state to refund any of […]