§ 45-38.1-7. Title to project.
When the principal of and interest on bonds of the corporation issued to finance the cost of a particular project or projects for a participating institution for higher education or for a participating municipality or a participating child daycare center or for a participating healthcare provider, including any refunding bonds or notes issued to refund and refinance the bonds or notes, have been fully paid and retired, or when adequate provision has been made to fully pay and retire the bonds or notes, and all other conditions of the resolution or trust agreement authorizing and securing the bonds or notes have been satisfied and the lien of the resolution or trust agreement has been released in accordance with its provisions, the corporation shall promptly do things and execute deeds and conveyances that are necessary and required to convey title to the project or projects to the participating institution for higher education or the participating municipality or the participating child daycare center or the participating healthcare provider, free and clear of all liens and encumbrances, all to the extent that title to the project or projects shall not, at the time, then be vested in the participating institution for higher education or the participating municipality or the participating child daycare center or the participating healthcare provider.
History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1; P.L. 2022, ch. 227, § 1, effective June 27, 2022; P.L. 2022, ch. 228, § 1, effective June 27, 2022.
Structure Rhode Island General Laws
Chapter 45-38.1 - Health and Educational Building Corporation
Section 45-38.1-1. - Declaration of policy.
Section 45-38.1-2. - Title of chapter.
Section 45-38.1-3. - Definitions.
Section 45-38.1-4. - Corporation established.
Section 45-38.1-5. - General grant of powers.
Section 45-38.1-5.1. - Powers relative to education loan financing programs.
Section 45-38.1-5.2. - Acquisition of certain monies, endowments, properties, and guarantees.
Section 45-38.1-5.3. - Conveyance of loan funding deposit after payment of bonds.
Section 45-38.1-6. - Acquisition of property.
Section 45-38.1-7. - Title to project.
Section 45-38.1-8. - Notes of the corporation.
Section 45-38.1-9. - Bonds of the corporation.
Section 45-38.1-10. - Trust agreement.
Section 45-38.1-11. - Revenues.
Section 45-38.1-12. - Trust funds.
Section 45-38.1-13. - Remedies.
Section 45-38.1-14. - Exemption from taxation.
Section 45-38.1-15. - Revenue refunding bonds.
Section 45-38.1-16. - Bonds eligible for investment.
Section 45-38.1-17. - Annual report and audit.
Section 45-38.1-18. - Source of payment of expenses.
Section 45-38.1-19. - State not liable.
Section 45-38.1-20. - Procedure before issuance of bonds or notes.
Section 45-38.1-21. - Agreement of the state.
Section 45-38.1-22. - Chapter cumulative — No notice required.
Section 45-38.1-23. - Chapter liberally construed.
Section 45-38.1-24. - Severability.
Section 45-38.1-25. - Institution for higher education powers.
Section 45-38.1-26. - Transfer of fund balances.
Section 45-38.1-27. - Development of Narragansett Brewery site.