Rhode Island General Laws 28-37-3. Investment of surplus funds
Current as of: 2024 | Check for updates
|
Other versions
The general treasurer as custodian of this fund is authorized to invest any moneys not immediately necessary for the execution of the purposes of this fund in the class of securities legal for the investment of public moneys of this state; provided, that the investment shall at all times be so made that all the assets of the fund shall always be readily convertible into cash when needed for disbursements as provided in this chapter.
History of Section.
G.L. 1938, ch. 300, art. 2-A, § 3; P.L. 1943, ch. 1363, § 1; P.L. 1954, ch. 3297, § 1; G.L. 1956, § 28-37-3.
Terms Used In Rhode Island General Laws 28-37-3
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.