Rhode Island General Laws 35-15-6. Authorization of additional terms
Notwithstanding any contrary provision of any general obligation bond act, the general treasurer, with the approval of the governor, is authorized and empowered to issue bonds in serial or term form in the name of and on behalf of the state, in amounts that will raise usable bond proceeds in an amount equal to the total amount for the projects authorized by the general obligation bond acts as has been approved by vote of the people.
History of Section.
P.L. 1988, ch. 426, § 1.
Terms Used In Rhode Island General Laws 35-15-6
- General obligation bond acts: shall mean :
(i) Any future public law which authorizes the state to issue its general obligation bonds, except those acts that expressly provide that this chapter shall not apply thereto; and
(ii) The following authorized but unissued bond authorizations of the state:
(A) Ten million dollars ($10,000,000) for land acquisition-industrial development under P. See Rhode Island General Laws 35-15-2
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: shall mean the state of Rhode Island. See Rhode Island General Laws 35-15-2