§ 45-33.2-15. Bonds and notes as legal instruments.
Bonds and notes issued under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies in their commercial departments, savings banks, cooperative banks, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. These bonds are securities which 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 of the state is now or may be authorized by law.
History of Section.P.L. 1984, ch. 78, § 1.
Structure Rhode Island General Laws
Chapter 45-33.2 - Municipal Tax Increment Financing Act
Section 45-33.2-1. - Short title.
Section 45-33.2-2. - Legislative findings.
Section 45-33.2-3. - Definitions.
Section 45-33.2-3.1. - Additional definitions.
Section 45-33.2-4. - Adoption of project plan.
Section 45-33.2-5. - Authorization to undertake projects — Powers.
Section 45-33.2-6. - Issuance of special obligation bonds.
Section 45-33.2-7. - Security for bonds — Trust agreements.
Section 45-33.2-8. - Pledge of project revenues validated.
Section 45-33.2-9. - Temporary anticipation notes.
Section 45-33.2-10. - Refunding bonds.
Section 45-33.2-11. - Credit of municipality not pledged.
Section 45-33.2-12. - Investment of funds.
Section 45-33.2-13. - Trust funds.
Section 45-33.2-14. - Remedies of bondholders and noteholders.
Section 45-33.2-15. - Bonds and notes as legal instruments.
Section 45-33.2-16. - Bonds and notes as investment securities.
Section 45-33.2-17. - Exemption from taxation.
Section 45-33.2-18. - Annual report.
Section 45-33.2-19. - Provisions supplementary.
Section 45-33.2-20. - Severability.
Section 45-33.2-21. - Tax limitations.
Section 45-33.2-22. - Alternate tax increment provisions.
Section 45-33.2-24. - Reserved.
Section 45-33.2-25. - Planning commission advisory opinion — Conditions for tax increment district.
Section 45-33.2-26. - Adoption of tax increment district master plan.
Section 45-33.2-27. - Designation of tax increment revenues.