§ 16-62.1-8. No adverse effect on authority’s bond issues or rating.
Notwithstanding any provision of this chapter to the contrary, to the extent, if any, that this interest forgiveness program shall have any material adverse effect on the authority’s ability to issue negotiable bonds and notes, the authority shall be empowered to suspend this program on a prospective basis, provided that any individual who has previously been determined to be eligible for the program’s benefits shall retain their eligibility up to the maximum period prescribed in this chapter.
History of Section.P.L. 2001, ch. 332, § 1.
Structure Rhode Island General Laws
Chapter 16-62.1 - Nursing Loan Repayment Program
Section 16-62.1-1. - Legislative findings.
Section 16-62.1-2. - Definitions.
Section 16-62.1-3. - Interest forgiveness on loans.
Section 16-62.1-4. - Application for loan interest forgiveness.
Section 16-62.1-5. - Continued eligibility.
Section 16-62.1-6. - Penalty for failure to maintain eligibility.
Section 16-62.1-7. - Regulations.
Section 16-62.1-8. - No adverse effect on authority’s bond issues or rating.
Section 16-62.1-9. - Severability of provisions.
Section 16-62.1-10. - Termination of interest forgiveness on December 31, 2010.