§ 39-18-13. Bonds eligible for investment.
Bonds issued by the authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, credit unions, building and loan associations, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. The bonds are hereby made securities that may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.
History of Section.P.L. 1964, ch. 210, § 1.
Structure Rhode Island General Laws
Title 39 - Public Utilities and Carriers
Chapter 39-18 - Rhode Island Public Transit Authority
Section 39-18-1. - Definitions.
Section 39-18-1.1. - Findings.
Section 39-18-3. - Purposes of the authority.
Section 39-18-4. - Powers and duties of the authority.
Section 39-18-4.1. - Health and safety of passengers.
Section 39-18-4.2. - Alteration of bus route — Public hearing.
Section 39-18-5. - Credit of state and political subdivisions not pledged.
Section 39-18-6. - Eminent domain proceedings.
Section 39-18-8. - Trust agreement — Other security for bonds.
Section 39-18-10. - Trust funds.
Section 39-18-12. - Exemptions from taxation.
Section 39-18-13. - Bonds eligible for investment.
Section 39-18-14. - Negotiable instruments.
Section 39-18-15. - Refunding bonds.
Section 39-18-16. - Limitation of powers.
Section 39-18-17. - Labor relations with employees of acquired transit facilities.
Section 39-18-18. - Action by resolution — Reports — Audits.
Section 39-18-18.1. - Authority deemed instrumentality and political subdivision of state.
Section 39-18-19. - Severability.
Section 39-18-20. - Use of services of department of transportation.
Section 39-18-21. - Agreements and certifications regarding state and federal funds.
Section 39-18-22. - State appropriations.
Section 39-18-23. - Medical care available to employees.
Section 39-18-24. - John J. MacDonald, Jr. Transportation Initiative.