§ 35-10-5. Investment of sinking fund moneys.
Notwithstanding the provisions of this chapter, any sinking fund money shall be invested in bonds or certificates of indebtedness of the state, or in bonds of the United States or of any state of the United States, or, in the commission’s discretion, in the interest bearing notes or bonds of any city, town, or fire district in the state, or of any county, city, or town in any state of the United States.
History of Section.P.L. 1958, ch. 164, § 5.
Structure Rhode Island General Laws
Chapter 35-10 - State Investment Commission
Section 35-10-2. - Determination of funds for investment.
Section 35-10-3. - Investment of bond issue proceeds.
Section 35-10-4. - Funds not subject to investment.
Section 35-10-5. - Investment of sinking fund moneys.
Section 35-10-6. - Investment of funds not immediately required.
Section 35-10-7. - Expenses of commission — Employees.
Section 35-10-8. - Rules and regulations.
Section 35-10-9. - Repeal of authority of various officers and boards.
Section 35-10-11. - Additional investment powers.
Section 35-10-12. - Investment in corporations doing business in South Africa.
Section 35-10-13. - Reinvestments directed at job retention and creation.
Section 35-10-14. - Investment in corporations doing business in Northern Ireland.