Title 35, Title 35 Finance

The state does hereby pledge to and agree with the holders of any notes issued under this chapter, that the state will not limit or alter the rights vested in the corporation to fulfill the terms of any agreements made with the holders until these notes, together with the interes…

Obligations issued under the provisions of this chapter shall not constitute a debt, liability, or obligation of the state or of any political subdivision thereof other than the corporation, or a pledge of the faith and credit of the state or any political subdivision other than …

Notwithstanding the provisions of any other statute to the contrary, the president of the university is authorized and empowered to sell accounts to the corporation for such consideration and upon such terms and conditions as the president shall approve.

The corporation shall submit to the board of governors for higher education, within four (4) months after the close of its fiscal year, a report of its activities for the preceding fiscal year. The report shall set forth a complete operating and financial statement covering the c…

Insofar as the provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special or local, the provisions of this chapter shall be controlling.

Nothing in this chapter shall restrict or limit the powers of the corporation arising under any laws of this state. This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized by this chapter and shall be regarded as sup…

This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes.

The purpose of this chapter is to authorize and implement a system of financial planning which would allow the university of Rhode Island (the “university”) to more accurately match revenues and expenditures for externally funded research programs for each fiscal year. The genera…

If any clause, sentence, paragraph, section, or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair, or invalidate the remainder of this chapter, but shall be confined in its operation to the clause, …

As used in this chapter, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent: (1) “Accounts” means accounts receivable, representing amounts due or owing to the university from contracts with the…

(a) There is hereby authorized, created, and established a public corporation of the state having a legal existence distinct from the state and not constituting a department of state government, to be known as the university of Rhode Island research corporation, with such powers …

The corporation shall have all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this chapter, including, but not limited to, the power to: (1) Sue and be sued, complain and defend, in its corporate name; (2) Have a seal which may be a…

In addition to the powers enumerated in § 35-12-5, the corporation shall have power to: (1) Purchase accounts from the university for such consideration and upon such terms and conditions as the corporation shall determine; (2) Pledge purchased accounts as security for any borrow…

(a) The powers of the corporation shall be vested in a board of directors consisting of the following seven (7) members: (1) Chairperson of the board of governors for higher education; (2) Commissioner of higher education; (3) State budget officer; (4) President of the university…

(a) The corporation shall have the power and is authorized to issue from time to time negotiable notes in one or more series, in such principal amounts as in the opinion of the corporation shall be necessary to provide sufficient funds for achieving its purposes, including: (1) P…

(a) The principal of and interest on any notes issued by the corporation may be secured by a pledge or assignment of any revenues and receipts of the corporation and may be secured by a security interest or other instrument covering all or any part of one or more accounts acquire…