§ 16-62-16. Authorization to accept appropriated money.
The authority is authorized to accept any money as may be appropriated by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes, or other obligations of the authority.
History of Section.P.L. 1981, ch. 44, § 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.