Rhode Island General Laws
Chapter 45-12 - Indebtedness of Towns and Cities
Section 45-12-21. - Powers of financial town meeting not affected.

§ 45-12-21. Powers of financial town meeting not affected.
Sections 45-12-19 and 45-12-20 shall not apply in any way to the powers or authorities of any town exercised or exercisable in financial town meeting.
History of Section.R.P.L. 1957, ch. 165, § 3.

Structure Rhode Island General Laws

Rhode Island General Laws

Title 45 - Towns and Cities

Chapter 45-12 - Indebtedness of Towns and Cities

Section 45-12-1. - Payment of indebtedness.

Section 45-12-2. - Maximum aggregate indebtedness.

Section 45-12-2.1. - Ministerial approval.

Section 45-12-3. - Statements to accompany bills to general assembly to authorize indebtedness.

Section 45-12-4. - Borrowing in anticipation of taxes.

Section 45-12-4.1. - Borrowing where collection of taxes delayed or taxes refunded.

Section 45-12-4.2. - Borrowing in anticipation of federal or state grants.

Section 45-12-4.3. - Borrowing in anticipation of water and sewer tax and user charge revenue.

Section 45-12-4.4. - Borrowing in payment of certain judgments.

Section 45-12-4.5. - Relationship to charters.

Section 45-12-5. - Sale of evidences of indebtedness — Annual payments — Terms.

Section 45-12-5.1. - Callable bonds.

Section 45-12-5.2. - Issuance of refunding bonds to pay outstanding bonds.

Section 45-12-5.3. - Debt maturity for United States Department of Agriculture/Rural Development bonds.

Section 45-12-5.4. - Cities or towns with a population greater than 125,000 inhabitants — Variable rate obligations and interest exchange agreements.

Section 45-12-5.5. - Repealed.

Section 45-12-6. - Statutory bond authorizations construed as additional authority.

Section 45-12-7. - Sinking fund provisions construed as additions to general sinking fund.

Section 45-12-8. - Establishment of general sinking fund — Computation of payments to sinking fund.

Section 45-12-9. - Retirement of bonds in sinking fund.

Section 45-12-10. - Repealed.

Section 45-12-11. - Authority for issuance of indebtedness excess.

Section 45-12-12. - City and town boards to authorize duplicate bonds.

Section 45-12-13. - Repair or replacement of damaged bond or note.

Section 45-12-14. - Replacement of lost or destroyed bond or note — Bond to indemnify city or town.

Section 45-12-15. - Contractual debts unimpaired.

Section 45-12-16. - Interest rate.

Section 45-12-17. - Debt previously approved.

Section 45-12-18. - Bond anticipation notes.

Section 45-12-19. - Charter provisions as to referendum.

Section 45-12-20. - Issuance of bonds authorized by law approved by electors.

Section 45-12-21. - Powers of financial town meeting not affected.

Section 45-12-22. - Repealed.

Section 45-12-22.1. - Municipal deficits — Purpose.

Section 45-12-22.2. - Monitoring of financial operations — Corrective action.

Section 45-12-22.3. - Year-end deficits.

Section 45-12-22.4. - Deficit, pension and other post-employment benefit financing — Approval required.

Section 45-12-22.5. - Unbudgeted expenditures.

Section 45-12-22.6. - Cooperation of school committees.

Section 45-12-22.7. - Enforcement and remedies.

Section 45-12-23. - Tax exemption.

Section 45-12-24. - Repealed.

Section 45-12-25. - Sale of bonds or notes at a discount.

Section 45-12-26. - Commercial agreements relating to registered bonds and notes.

Section 45-12-27. - Conflict between bond referendum provisions and bond expenditure provisions.

Section 45-12-28. - Permitted temporary investments for bond proceeds.

Section 45-12-29. - Agreements relating to tax and securities compliance rebate to federal government.

Section 45-12-30. - Securing of bonds or notes — Trust agreements.

Section 45-12-31. - Extinguishment of authorizations.

Section 45-12-32. - Inability to pay interest or principal of bonds, notes or certificates of indebtedness — Notice — Certification to general treasurer — Payment by general treasurer.

Section 45-12-33. - Borrowing for road and bridge, infrastructure, and school building projects.