§ 16-57-12. Credit of state.
Guaranties made under the provisions of this chapter shall not constitute debts, liabilities, or obligations of the state or of any political subdivision of the state other than the division of higher education assistance or a pledge of the faith and credit of the state or any political subdivision other than the division of higher education assistance, but shall be payable solely from the revenues or assets of reserve funds set forth in § 16-57-10.
History of Section.P.L. 1977, ch. 238, § 1; P.L. 2015, ch. 141, art. 7, § 6.
Structure Rhode Island General Laws
Section 16-57-1. - Short title.
Section 16-57-3. - Definitions.
Section 16-57-6.1. - Tuition savings program.
Section 16-57-6.2. - Ownership of assets — Transfer of ownership rights.
Section 16-57-6.3. - Tax-exempt earnings.
Section 16-57-6.4. - Repealed.
Section 16-57-6.5. - Annual audited financial report to the governor and general assembly.
Section 16-57-6.6. - Repealed.
Section 16-57-6.7. - Construction.
Section 16-57-7. - Council on postsecondary education.
Section 16-57-8. - Designated agency.
Section 16-57-9. - Loans to minors — Loan obligations.
Section 16-57-10. - Reserve funds.
Section 16-57-12. - Credit of state.
Section 16-57-16. - Inconsistent provisions.