§ 45-37.1-10. Bonds and notes eligible for investment.
Bonds and notes issued by the corporation 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, credit unions, building and loan associations, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries, pension, profit sharing and retirement funds may properly and legally invest funds, including capital in their control or belonging to them. These bonds and notes 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. 1967, ch. 11, § 1; P.L. 1980, ch. 229, § 7.
Structure Rhode Island General Laws
Chapter 45-37.1 - Industrial Facilities Corporation
Section 45-37.1-1. - Declaration of policy.
Section 45-37.1-2. - Title of chapter.
Section 45-37.1-3. - Definitions.
Section 45-37.1-5. - General grant of powers.
Section 45-37.1-6. - Bonds and notes of the corporation.
Section 45-37.1-7. - Security for bonds and notes — Construction and acquisition of projects.
Section 45-37.1-8. - Trust funds.
Section 45-37.1-9. - Exemption from taxation.
Section 45-37.1-9.1. - Procedure.
Section 45-37.1-10. - Bonds and notes eligible for investment.
Section 45-37.1-11. - Annual report and audit.
Section 45-37.1-12. - State not liable — Exceptions.
Section 45-37.1-13. - Procedure before undertaking project.
Section 45-37.1-14. - No authority to operate as a business.
Section 45-37.1-15. - Agreement of the state.
Section 45-37.1-16. - Corporation designated as local development corporation.
Section 45-37.1-17. - Chapter cumulative — No notice required.