§ 16-62-13. Notes and bonds as legal investments.
The notes and bonds of the authority are made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, including, but not limited to, the authority, all companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business, all administrators, guardians, executors, trustees, and other fiduciaries, and all other persons who are now or may after this be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.
History of Section.P.L. 1981, ch. 44, § 1; P.L. 2016, ch. 374, § 1; P.L. 2016, ch. 375, § 1.
Structure Rhode Island General Laws
Chapter 16-62 - The Rhode Island Student Loan Authority
Section 16-62-1. - Short title.
Section 16-62-3. - Definitions.
Section 16-62-5. - General powers.
Section 16-62-6. - Additional general powers.
Section 16-62-7. - Directors, officers, and employees.
Section 16-62-8. - Loans to minors.
Section 16-62-9. - Bonds and notes of the authority.
Section 16-62-10. - Security for bonds and notes.
Section 16-62-11. - Trust funds.
Section 16-62-12. - Exemption from taxation.
Section 16-62-13. - Notes and bonds as legal investments.
Section 16-62-14. - Bondholders’ rights not to be affected by state.
Section 16-62-15. - Credit of state.
Section 16-62-16. - Authorization to accept appropriated money.
Section 16-62-17. - Assistance by state officers, departments, boards, and commissions.
Section 16-62-18. - Annual report.
Section 16-62-19. - Inconsistent provisions.