Rhode Island General Laws > Chapter 35-15 – Savings Bond Program


§ 35-15-1	Legislative findings
§ 35-15-2	Definitions
§ 35-15-3	Creation and duties of advisory board
§ 35-15-4	Issuance and sales of savings bonds
§ 35-15-5	Security for savings bonds
§ 35-15-6	Authorization of additional terms

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advisory board: shall mean the board created and established in § 35-15-3. See Rhode Island General Laws 35-15-2
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.
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
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
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.
Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
State: shall mean the state of Rhode Island. See Rhode Island General Laws 35-15-2