Terms Used In Rhode Island General Laws > Chapter 35-13 - Registered Public Obligations

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Authorized officer: means any individual required or permitted, alone or with others, by any provision of law, or by the issuing public entity, to execute on behalf of the public entity a certificated registered public obligation or a writing relating to an uncertificated registered public obligation. See Rhode Island General Laws 35-13-2
• Certificated registered public obligation: means a registered public obligation which is represented by an instrument. See Rhode Island General Laws 35-13-2
• Code: means the federal Internal Revenue Code of 1986, Rhode Island General Laws 35-13-2
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Facsimile seal: means the reproduction by engraving, imprinting, stamping, or other means of the seal of the issuer, official, or official body. See Rhode Island General Laws 35-13-2
• Facsimile signature: means the reproduction by engraving, imprinting, stamping, or other means of a manual signature. See Rhode Island General Laws 35-13-2
• Financial intermediary: means a bank, broker, clearing corporation, or other person, or the nominee of any of them, which in the ordinary course of its business maintains registered public obligation accounts for its customers, when so acting. See Rhode Island General Laws 35-13-2
• Issuer: means a public entity which issues an obligation. See Rhode Island General Laws 35-13-2
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• 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.
• Obligation: means an agreement of a public entity to pay principal and any interest thereon, whether in the form of a contract to repay borrowed money, a lease, an installment purchase agreement, or otherwise, and includes a share, participation, or other interest in that agreement. See Rhode Island General Laws 35-13-2
• Official actions: means the actions by statute, order, ordinance, resolution, contract, or other authorized means by which the issuer provides for issuance of a registered public obligation. See Rhode Island General Laws 35-13-2
• Official or official body: means :

  (i)  The officer or board that is empowered under the laws of one or more states, including this state, to provide for original issuance of an obligation of the issuer, by defining the obligation and its terms, conditions, and other incidents;

  (ii)  The successor or successors of the official or official body; and

  (iii)  Such other person or group of persons as shall be assigned duties of the official or official body with respect to a registered public obligation under applicable law from time to time. See Rhode Island General Laws 35-13-2

• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• Public entity: means any entity, department, or agency which is empowered under the laws of one or more states, territories, possessions of the United States, or the District of Columbia, including this state, to issue obligations, any interest with respect to which may, under any provision of law, be provided an exemption from the income tax referred to in the code. See Rhode Island General Laws 35-13-2
• Registered public obligations: means an obligation issued by a public entity pursuant to a system of registration. See Rhode Island General Laws 35-13-2
• seal: shall be construed to include an impression of the seal made with or without the use of wax or wafer on the paper. See Rhode Island General Laws 43-3-15
• Statute: A law passed by a legislature.
• Uncertificated registered public obligation: means a registered public obligation which is not represented by an instrument. See Rhode Island General Laws 35-13-2
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}
• United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8