§ 42-44.1-11. Investment of moneys pending expenditures.
All moneys in the fund not immediately required for payment pursuant to the provisions of this chapter may be invested by the state investment commission, as established by chapter 10 of title 35, pursuant to the provisions of that chapter; provided, however, that the securities in which the fund is invested shall remain a part of the fund as shall other securities for which they may from time to time, pursuant to that chapter, be exchanged, and provided, further, that the income from the investment shall become part of the fund, and shall be used to the extent possible to pay debt service costs.
History of Section.P.L. 1984, ch. 420, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-44.1 - Sewage and Water Supply Failure Fund
Section 42-44.1-1. - Legislative findings and intent.
Section 42-44.1-2. - Definitions.
Section 42-44.1-3. - Sewage and water supply failure program.
Section 42-44.1-4. - Administration of the program.
Section 42-44.1-5. - Bonds authorized — Maturity — Certification and execution.
Section 42-44.1-6. - Sewage system and water supply failure.
Section 42-44.1-7. - Temporary notes.
Section 42-44.1-8. - Advances from general fund in anticipation of the issue of notes or bonds.
Section 42-44.1-9. - Bonds and notes tax exempt general obligation of state.
Section 42-44.1-11. - Investment of moneys pending expenditures.