Title 46, Title 46 and Navigation

Bonds issued by the agency under this chapter and local governmental obligations issued hereunder are hereby made securities in which all public officers and agencies of the state and its political subdivisions, all insurance companies, trust companies in their commercial departm…

Except as provided in this section, bonds of the agency, local governmental obligations and obligations of private water companies may be issued under this chapter without obtaining the consent of any executive office, department, division, commission, board, bureau, or agency of…

Bonds issued by the agency under the provisions of this chapter shall not be deemed to be a debt or a pledge of the faith and credit of the state or of any of its political subdivisions, but shall be payable solely from the revenues, funds, assets, and other property of the agenc…

(a) Notwithstanding any provision of any other law, including the Uniform Commercial Code: (1) Any pledge or assignment of revenues of any kind, funds, loan agreements, local governmental obligations, obligations of private water companies, property, or assets made pursuant to th…

Notwithstanding any of the provisions of this chapter or any recitals in any bonds or local governmental obligations issued hereunder, all bonds and local governmental obligations shall be deemed to be investment securities under the Uniform Commercial Code.

All money received by the agency pursuant to the provisions of this chapter, whether as proceeds from the issue of bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter.

Bonds issued by the agency and local governmental obligations issued by any local governmental unit in accordance with this chapter, their transfer, and the income therefrom, including any profit made on the sale thereof, shall at all times be exempt from taxation by and within t…

(a) “Agency” means the Rhode Island infrastructure bank. (b) “Approved project” means any project or portion thereof of a governmental unit or privately organized water supplier that has been issued a certificate of approval by the department for assistance through the agency; an…

The agency and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the agency shall have the bonds outstanding in accordance with this chapter, unless adequate provision has been made for the payment or …

The agency shall, at all times, keep full and accurate accounts of its receipts, expenditures, disbursements, assets, and liabilities with respect to the agency’s administration of the safe drinking water revolving loan fund which shall be open to inspection by any officer or dul…

The provisions of this chapter shall be deemed to provide an additional, alternative, and complete method for accomplishing the purposes of this chapter, and shall be deemed and construed to be supplemental and additional to, and not in derogation of, powers conferred upon the ag…

Notwithstanding anything to the contrary herein, the provisions of this chapter are limited to the extent required by applicable federal law, as in effect from time to time.

The provisions of this chapter are severable, and if any provision hereof shall be held invalid in any circumstances, any invalidity shall not affect any other provisions or circumstances. This chapter shall be construed in all respects so as to meet any constitutional requiremen…

The agency shall have all powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including, so far as apt, the general powers of the agency as set forth in chapter 12.2 of this title and, without limiting the generality of the fore…

(a) The agency shall be the instrumentality of the state for administration of the safe drinking water revolving loan fund, and such other funds it holds or for which it is responsible, and, in conjunction with the department, is empowered to and shall take all action necessary o…

(a) Any local governmental unit or privately organized water supplier may apply to the agency for financial assistance in accordance with this chapter to finance all or any part of the cost of an approved project. The agency shall not award financial assistance to such local gove…

In addition to the financial assistance provided by the agency to local governmental units and private water companies for approved projects in accordance with this chapter, the department is hereby authorized to expend funds otherwise available for grants to local governmental u…

Notwithstanding any provision of general law, special law or municipal charter to the contrary: (1) In addition to authority granted otherwise by this chapter and in any bond act or other law, a local governmental unit, acting by and through the officer or officers, board, commit…

(a) In addition to the powers of any local governmental unit provided in any bond act, whenever a local governmental unit has applied for and accepted a loan from the agency and entered into a loan agreement therefor, any local governmental obligations issued by the local governm…

(a) If required by the applicable loan agreement, and notwithstanding any general or special law, municipal charter, ordinance or local law to the contrary, local governmental obligations may be authorized and issued as limited obligations payable solely from drinking water syste…