§ 45-27-7. Repurchase of bonds.
The authority has power, out of any funds available therefor, to purchase any bonds issued by it at a price not more than the principal amount of the bonds and the accrued interest; provided, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any revenues available therefor. All bonds so purchased shall be cancelled. This section does not apply to the redemption of bonds.
History of Section.P.L. 1935, ch. 2255, § 14; G.L. 1938, ch. 344, § 14; G.L. 1956, § 45-27-7; P.L. 2009, ch. 310, § 59.
Structure Rhode Island General Laws
Chapter 45-27 - Housing Authority Bonds and Obligations
Section 45-27-1. - Types of bonds issuable — Pledge of revenues — Mortgages.
Section 45-27-2. - Liability on bonds — Statutory limitations inapplicable.
Section 45-27-3. - Authorization, form, and terms of bonds.
Section 45-27-4. - Sale of bonds — Notice.
Section 45-27-5. - Interim certificates and temporary obligations.
Section 45-27-6. - Continuing validity of signatures of officers.
Section 45-27-7. - Repurchase of bonds.
Section 45-27-8. - Negotiability of bonds.
Section 45-27-9. - Terms includible in bonds or obligations.
Section 45-27-10. - Mortgage of property.
Section 45-27-11. - Remedies of obligee.
Section 45-27-12. - Remedies conferrable on obligee by housing authority.
Section 45-27-13. - Remedies cumulative.
Section 45-27-14. - Limitation on remedies against property of authority.
Section 45-27-15. - Subordination of mortgage to government contract.
Section 45-27-16. - Obligations in federal contracts.
Section 45-27-17. - Validation of prior agreements.
Section 45-27-18. - Validation of previous acts.
Section 45-27-19. - Validation of defense housing activities.