§ 42-34-3. Credit of state pledged.
The Rhode Island industrial-recreational building authority is authorized to insure the payment of mortgage loans secured by industrial-recreational projects, and to this end the faith and credit of the state is hereby pledged, consistent with the terms and limitations of the terms of this chapter.
History of Section.P.L. 1958, ch. 91, § 4; P.L. 1987, ch. 537, § 3.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-34 - Industrial-Recreational Building Authority
Section 42-34-1. - Creation of authority.
Section 42-34-3. - Credit of state pledged.
Section 42-34-4. - Organization of authority.
Section 42-34-6. - Definitions.
Section 42-34-8. - Permission to lease or rent property after default.
Section 42-34-9. - Mortgage insurance fund: Subrogation.
Section 42-34-10. - Insurance of mortgages.
Section 42-34-11. - Mortgage insurance premiums.
Section 42-34-12. - Authority’s expenses.
Section 42-34-13. - Mortgages eligible for investment.
Section 42-34-14. - Record of accounts.
Section 42-34-15. - Additions to mortgage insurance fund.
Section 42-34-15.1. - Agreement of state.
Section 42-34-16. - Interest of members of authority.