Rhode Island General Laws 37-6-12. Examination of title by attorney general – Acquisition of title insurance
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The attorney general shall require the state purchasing agent to engage a title insurance company doing business within this state to furnish a certificate of title or to issue to the state a policy of title insurance covering the real estate, and the expense of procuring the certificate or title insurance policy shall be paid out of the appropriation made to the acquiring authority for the acquisition. No public money shall be expended upon any site or land purchased by, devised to, or conveyed as a gift to the state until the acquisition of such certificate of title or policy of title insurance.
History of Section.
P.L. 1953, ch. 3105, § 9; G.L. 1956, § 37-6-12; P.L. 2002, ch. 401, § 2.
Terms Used In Rhode Island General Laws 37-6-12
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10