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30 chapters · 383 sections in this title.
R.I. Gen. Laws § 35-24-1. Definitions
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As used in this chapter: (1) “Designated beneficiary” means an individual who is: (i) Born on or after January 1, 2026; and (ii) Whose parent or guardian is enrolled in the Rhode Island works program pursuant to § 40-5.2-1 et seq., within the first twelve (12) months of their lif…
R.I. Gen. Laws § 35-24-2. Establishment
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(a) There is hereby established the Rhode Island baby bond trust. The trust shall constitute an instrumentality of the state and shall perform essential governmental functions as provided under the provisions of this chapter. The trust shall receive and hold all payments and depo…
R.I. Gen. Laws § 35-24-3. Powers of the general treasurer
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(a) The general treasurer, on behalf of the trust and for purposes of the trust, may: (1) Receive and invest monies in the trust in any instruments, obligations, securities, or property in accordance with the provisions of this chapter; (2) Enter into one or more contractual agre…
R.I. Gen. Laws § 35-24-4. Investment of funds in the trust
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Notwithstanding the provisions of §§ 35-10-12 — 35-10-14, inclusive, the general treasurer shall invest the amounts on deposit in the trust in a manner reasonable and appropriate to achieve the objectives of the trust, exercising the discretion and care of a prudent person in sim…
