§ 35-8.1-25. Transfer of authority’s funds and property upon dissolution.
If the authority shall be dissolved, all funds of the authority, not required for the payment of bonds or other debts of the authority, the disposition of which is not otherwise governed by contracts to which the authority may be party, shall be paid to the general treasurer for the use of the state, and, except as provided in this chapter, all property belonging to the authority shall be vested in the state and delivered to it.
History of Section.P.L. 1987, ch. 12, § 1.
Structure Rhode Island General Laws
Chapter 35-8.1 - Refunding Bond Authority
Section 35-8.1-1. - Short title.
Section 35-8.1-2. - Legislative findings.
Section 35-8.1-3. - Definitions.
Section 35-8.1-5. - Governing board — Members — Vacancies — Officers — Quorum — Affirmative votes.
Section 35-8.1-7. - Staff — Consultants — Rules.
Section 35-8.1-8. - General powers.
Section 35-8.1-8.3. - Eminent domain proceedings.
Section 35-8.1-8.4. - Eminent domain — Standards.
Section 35-8.1-8.5. - Use of projects.
Section 35-8.1-8.6. - Transfer to governmental body.
Section 35-8.1-9. - Supplementary powers.
Section 35-8.1-10. - Annual report, audit, and debt service needs certification.
Section 35-8.1-11. - Loan to state authorized — Repayment subject to appropriation.
Section 35-8.1-12. - Receipt, investment, and application by state of loan.
Section 35-8.1-13. - Bonds of the authority — Issuance — Purposes.
Section 35-8.1-14. - Negotiability of bonds.
Section 35-8.1-15. - Form of bonds.
Section 35-8.1-16. - Loan and trust agreement.
Section 35-8.1-17. - Bonds neither debt of or pledge of credit by state or subdivisions.
Section 35-8.1-18. - Revenues.
Section 35-8.1-19. - Trust funds.
Section 35-8.1-20. - Remedies.
Section 35-8.1-21. - Exemptions from taxation.
Section 35-8.1-22. - Bonds constitute legal investment.
Section 35-8.1-23. - State’s pledge not to limit or alter authority’s powers.
Section 35-8.1-24. - Personal liability on bonds.
Section 35-8.1-25. - Transfer of authority’s funds and property upon dissolution.
Section 35-8.1-26. - Chapter controlling over inconsistent provisions.
Section 35-8.1-27. - Applicability of other laws.