Title 45, Title 45 and Cities

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

The exercise of the powers granted by this chapter are in all respects for the benefit of the people of the state, for the increase of their commerce, welfare, and prosperity, and for the improvement of their health and living conditions, and constitutes the performance of an ess…

(a) The corporation is authorized to provide for the issuance of its revenue bonds for the purpose of refunding any revenue bonds of the corporation then outstanding and any bonds or other obligations issued by or for the benefit of a participating educational institution for any…

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

Within four (4) months after the close of each fiscal year of the corporation, it shall make a report to the governor, the speaker of the house, the president of the senate and the secretary of state of its activities for the preceding fiscal year, and the report shall present a …

All expenses incurred in carrying out the provisions of this chapter are payable solely from funds provided under the authority of this chapter, and no liability or obligation shall be incurred by the corporation under this chapter beyond the extent to which moneys have been prov…

(a) Except with regard to state reimbursement related to school housing project financing, the state is not liable for the payment of the principal of or interest on any bonds or notes of the corporation, or for the performance of any pledge, mortgage, obligation, or agreement of…

This chapter may be referred to and cited as the “Rhode Island Health and Educational Building Corporation Act”.

Notwithstanding any other provisions of this chapter, the corporation is not empowered to undertake any project authorized by this chapter unless, prior to the issuance of any bonds or notes under this chapter, it has determined that: (1) The acquisition, construction, or financi…

The state pledges to and agrees with the holders of any bonds or notes issued under this chapter, and with those parties who may enter into contracts with the corporation pursuant to the provisions of this chapter, that the state will not limit or alter the rights vested in the c…

Neither this chapter nor anything contained in this chapter shall be construed as a restriction or limitation upon any powers which the Rhode Island health and educational building corporation might otherwise have under any laws of this state, but shall be construed as cumulative…

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

If any section, clause, provision, or portion of this chapter is held to be invalid or unconstitutional by any court of competent jurisdiction, that holding shall not affect any other section, clause, or provision of this chapter which is not in and of itself unconstitutional.

Notwithstanding any other provision of law, any participating educational institution has the power to borrow money from the corporation, make education loans, and take all other actions and do those things that are necessary or convenient to consummate the transactions contempla…

The corporation, by a vote of its board of directors, may at any time, upon receipt of a written request to do so by the governor, transfer to the state, either to the general fund account or any restricted receipt account established by the general assembly specified in any requ…

(a) Notwithstanding any provision of this chapter or any general law or special law to the contrary, it is a corporate purpose of the corporation to finance the development of the site of the former Narragansett Brewery in the city of Cranston as a multi-purpose facility to be us…

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, notwithstandin…

(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 p…

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 condu…

(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,…

The corporation is authorized and empowered to establish specific guidelines relating to the deposits of certain monies, endowments, or properties by educational institutions which would provide security for education loan funding programs, corporation loans, education loans, or …

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 those bonds or no…

The corporation is authorized and empowered, directly, or by and through a participating educational institution, a participating municipality, or a participating healthcare provider, as its agent, to acquire by purchase or by gift or devise any lands, structures, property, real …

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 educational institution, for a participating municipality, or for a participating healthcare provider, including any refunding bonds o…

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…

(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 m…