Title 35, Title 35 Finance

(a) The authority shall have the power and is authorized to provide by resolution for the issuance of bonds upon the request of the governor and a finding of a financial benefit to the state, in such principal amounts as it shall deem necessary to provide funds for the purposes o…

Notwithstanding any law to the contrary, bonds issued under this chapter are fully negotiable for all purposes.

(a) Bonds shall be authorized by resolution of the authority and may be issued in one or more series and shall bear such date or dates, mature at such time or times, be in such denomination or denominations, be in such form, carry such conversion or registration privileges, have …

In the discretion of the authority, any bonds issued under the provisions of this chapter may be secured by a loan and trust agreement by and between the (1) authority, the state, and a corporate trustee, which may be any trust company or bank having the powers of a trust company…

(a) Bonds issued under this chapter shall not be deemed to constitute a debt of the state or any other political subdivision thereof or a pledge of the faith and credit of the state or any other political subdivision thereof, but shall be payable solely from the funds provided th…

The authority has the power to fix and collect from time to time, subject to the provisions of this chapter, schedules for the repayment of any loan to the state in order to generate revenues. The schedules for repayment shall not be subject to supervision or regulation by any co…

All moneys received pursuant to the provisions of this chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied as may be provided in the resolution authorizing the issuance of the bonds or the loan and trust agr…

The general assembly hereby finds, declares, and observes that the: (1) State issued its general obligation bonds dated May 1, 1984, in the aggregate principal amount of thirty million dollars ($30,000,000) pursuant to statutory authorities approved by the electorate of the state…

Any holder of bonds issued under the provisions of this chapter or any coupons appertaining thereto and the trustee under the loan and trust agreement or the resolution, except to the extent the rights given in this chapter may be restricted by the loan and trust agreement or the…

The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state and for the facilitation of the conduct of their public business, and will constitute the performance of essential governmental functions. Therefore, the authorit…

Bonds issued by the authority under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, insurance companies, trust companies, banking associations, investment companies, credit unions, building …

The state pledges to and agrees with any person, firm, or corporation, or federal agency subscribing to or acquiring the bonds to be issued by the authority that the state will not limit or alter the rights vested in the authority until all bonds at any time issued, together with…

Neither the members of the board nor any person executing bonds issued under this chapter are liable personally on the bonds.

If the authority shall be dissolved, all funds of the authority, not required for the payment of bonds or other debts of the authority, the disposition of which is not otherwise governed by contracts to which the authority may be party, shall be paid to the general treasurer for …

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

This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized hereby and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds of the authority under the provisi…

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

The provisions of this chapter are severable, and if any of its provisions shall be held unconstitutional by any court of competent jurisdiction, the decision of that court shall not affect or impair any of the remaining provisions.

Unless otherwise indicated by the context, the following definitions shall apply for purposes of this chapter: (1) “Authority” shall mean this refunding bond authority created by § 35-8.1-4; (2) “Board” means the board of directors of the authority as constituted by § 35-8.1-5; (…

There is hereby created and established a public corporation to be administered by the office of the general treasurer, having a distinct legal existence from the state and not constituting a department of state government, to be known as the “Rhode Island refunding bond authorit…

(a) The authority shall be governed by a board which shall have seven (7) members, consisting of: (1) The general treasurer or his or her designee who shall be a subordinate within the general treasurer’s office, who shall serve as chairperson; (2) The director of administration …

The members of the authority shall serve without compensation, but the authority shall reimburse them for actual expenses necessarily incurred in the discharge of their duties. Notwithstanding any other law, an officer or employee of the state shall not be deemed to have forfeite…

The authority shall be staffed by the office of the general treasurer. The authority may employ such consultants, as it, in its discretion, deems necessary. For purposes of this chapter only, the authority may adopt rules pursuant to chapter 35 of title 42 upon less than twenty (…

To carry out the purposes of this chapter, the authority has the power to: (1) Sue and be sued; (2) Adopt and have an official seal and alter the seal at its pleasure; (3) Make and alter bylaws, rules, and regulations for the conduct of its affairs and business; (4) Maintain an o…

Upon the passage of this article there are hereby transferred to the authority all the functions, powers, rights, duties, liabilities, property and resources of the public buildings authority.

(a) In order to benefit the people of the state and to provide for their general health and welfare and to maintain the high standards of public facilities and public equipment within the state the authority is hereby authorized and empowered to acquire and construct public facil…

The authority shall have the right to acquire any land, or any interest therein, by the exercise of the power of eminent domain, whenever it shall be determined by the authority that the acquisition of the land, or interest, is necessary for the construction or the operation of a…

In addition to all of the proceedings and requirements under § 35-8.1-8.3, the authority shall further be required to follow the same statutory proceedings for the taking of land as required of state agencies when the agencies take land under the authority granted by chapter 6 of…

The use of the facilities of the authority and the operation of its business shall be subject to the rules and regulations from time to time adopted by the authority; provided, however, that the authority shall not be authorized to do anything which will impair the security of th…

When all bonds issued under the provisions of the chapter for each specific project and the interest thereon shall have been paid or a sufficient amount for the payment of all the bonds and the interest thereon to the maturity thereof shall have been set aside in trust for the be…

In addition to any other powers granted in this chapter, the authority has the power to: (1) Conduct examinations and hearings and hear testimony and take proof, under oath or affirmation, at public or private hearings, on any matter material for its information and necessary to …