reglab/housing_qa huggingface dataset:
RI Gen L § 16-62-3 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-3 - Definitions.

§ 16-62-3. Definitions.As used in this chapter, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent:(1) "Authority" means the governmental agency and public instrumentality authorized, created, and established pursuant to § 16-62-4.(2) "Bonds" and "notes" means the bonds, notes, securities, or other obligations or evidences of indebtedness issued by the authority pursuant to this chapter, all of which shall be issued under the name of or known as obligations of the Rhode Island student loan authority.(3) "Education loan" means a loan to a student or the parent, legal guardian, or sponsor of the student, or to an eligible institution, for the purpose of financing a student's attendance at the eligible institution. The loan may provide that the student, parent, legal guardian, or sponsor of the student or eligible institution may be held jointly and severally liable for the education loan.(4) "Eligible institution" means, subject to further particular or more restrictive definition by regulation of the authority: (i) an institution of higher learning, (ii) a vocational school, or (iii) with respect to students who are nationals of the United States, an institution outside the United States which is comparable to an institution of higher education or to a vocational school and which has been approved by the authority and by the secretary for purposes of the guaranteed student loan program.(5) "Eligible loan" means a loan to a student or to the parent of a student insured or guaranteed by the secretary, Rhode Island division of higher education assistance, or by any other governmental or private agency, corporation, or organization having a reinsurance or guaranty agreement with the secretary applicable to that loan.(6) "Guaranteed student loan program" means the program of federal student loan insurance and reinsurance administered by the secretary.(7) "Lender" means, subject to further particular or more restrictive definition by regulation of the authority, any governmental or private agency, corporation, organization, or institution (including educational institutions and the authority itself) designated as an "eligible lender" by federal statute, regulation, or administrative ruling for the purposes of the guaranteed student loan program.(8) "Secretary" means the United States secretary of education or the secretary of health and human services.(9) "State" means the state of Rhode Island.(10) "Student" means an individual who under rules promulgated by the authority meets the enrollment and satisfactory progress requirement necessary for making an eligible student loan or an education loan, as applicable. This designation shall include dependent and independent undergraduate students, and graduate and professional students.History of Section.P.L. 1981, ch. 44, § 1; P.L. 1982, ch. 162, § 1; P.L. 1983, ch. 82, § 1; P.L. 1985, ch. 80, § 1; P.L. 1992, ch. 35, § 1; P.L. 2015, ch. 141, art. 7, § 8.
RI Gen L § 16-62-4 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-4 - Creation.

§ 16-62-4. Creation.(a) There is authorized, created, and established a public corporation of the state having a legal existence distinct from the state and not constituting a department of state government, which is a governmental agency and public instrumentality of the state, to be known as the "Rhode Island student loan authority," with the powers that are set forth in this chapter, for the purposes of financing education through the making, purchasing, taking, acquiring, or lending against the security of, eligible loans and education loans and of selling eligible loans and education loans made, taken, endorsed, acquired, or purchased by it to governmental or private financial institutions.(b) The exercise by the authority of the powers conferred by this chapter shall be deemed and held to be the performance of an essential governmental function of the state for public purposes. It is the intent of the general assembly by the passage of this chapter to vest in the authority all powers, authority, rights, privileges, and titles which may be necessary to enable it to accomplish the purposes set forth in this chapter, and this chapter and the powers granted by it shall be liberally construed in conformity with those purposes.(c) The authority and its corporate existence shall continue until terminated by law or until the authority shall cease entirely and continuously to conduct or be involved in any business in furtherance of its purposes, provided that no termination shall take effect so long as the authority shall have bonds, notes, or other obligations outstanding, unless adequate provision shall have been made for their payment pursuant to the documents securing the bonds, notes, or other obligations or to the law. Upon termination of the existence of the authority, all its rights and properties shall pass to and be vested in the state. At no time shall the assets or other property of the authority inure to the benefit of any person or other corporation or entity.History of Section.P.L. 1981, ch. 44, § 1; P.L. 1992, ch. 35, § 1.
RI Gen L § 16-62-5 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-5 - General powers.

§ 16-62-5. General powers.The authority shall have all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this chapter, including without limiting the generality of the preceding statement, the power:(1) To sue and be sued, complain, and defend, in its corporate name.(2) To have a seal which may be altered at pleasure, and to use it by causing it, or a facsimile of it, to be impressed or affixed or in any other manner reproduced.(3) To purchase, take, receive, lease, or otherwise acquire, own, hold, improve, use, and deal in and with, real or personal property, or any interest in it, wherever situated.(4) To sell, convey, mortgage, pledge, lease, exchange, transfer, and dispose of all or any part of its property and assets for any consideration and upon any terms and conditions as the authority shall determine.(5) To make contracts and incur liabilities, and borrow money at any rates of interest as the authority may determine.(6) To make and execute all contracts, agreements, and instruments necessary or convenient in the exercise of the powers and functions of the authority granted by this chapter.(7) To lend money for its purposes, and invest and reinvest its funds.(8) To conduct its activities, carry on its operations, and have offices and exercise the powers granted by this chapter, within or without the state.(9) To elect, appoint, or employ in its discretion officers and agents of the authority, and define their duties and fix their compensation.(10) To make and alter bylaws, not inconsistent with this chapter, for the administration and regulation of the affairs of the authority, and those bylaws may contain provisions indemnifying any person who is or was a director, officer, employee, or agent of the authority, in the manner and to the extent provided in § 7-1.2-814.(11) To have and exercise all powers necessary or convenient to effect its purposes.History of Section.P.L. 1981, ch. 44, § 1; P.L. 2005, ch. 36, § 13; P.L. 2005, ch. 72, § 13.
RI Gen L § 16-62-8 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-8 - Loans to minors.

§ 16-62-8. Loans to minors.Any person qualifying for an eligible loan shall not be disqualified to receive the loan made for or guaranteed by the authority by reason of his being a minor. For the purpose of applying for, securing, receiving, and repaying this loan, any person shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of full age and respect to it.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-10 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-10 - Security for bonds and notes.

§ 16-62-10. Security for bonds and notes.(a) The principal of and interest on any bonds or notes issued by the authority may be secured by a pledge or assignment of any revenues, receipts, or assets of the authority and may be secured by a security interest or other instrument covering all or any part of one or more eligible loans or education loans made or acquired by the authority pursuant to the provisions of this chapter.(b) The resolution under which the bonds or notes are authorized to be issued and any security interest or other instrument may contain any agreements and provisions respecting the servicing of the loans covered by it, any fixing and collection of payments or repayments or other revenues from these, any creation and maintenance of special funds from those revenues, and any rights and remedies available in the event of default, all as the authority shall deem advisable.(c) Each pledge, assignment, agreement, security interest, or other instrument made for the benefit or security of any of the bonds or notes of the authority shall continue in effect until the principal of and interest on the bonds or notes for the benefit of which the pledge or security agreement was made shall have been fully paid, or until provision shall have been made for that payment in the manner provided in the resolution under which the bonds or notes were authorized.(d) Any pledge made by the authority shall be valid and binding from the time it is made. The money or property pledged and received after this by the authority shall immediately be subject to the lien of the pledge without physical delivery or further act. The lien of the pledge shall be valid and binding against all parties having a claim in tort, contract, or against the authority, whether or not the parties have notice of the claim. Neither the resolution nor any instrument by which a pledge is created needs to be recorded.(e) Any resolution under which bonds or notes of authority are authorized to be issued, and any trust indenture established by it, may contain provisions for vesting in a trustee or trustees any properties, rights, powers, and duties in trust as the authority may determine.History of Section.P.L. 1981, ch. 44, § 1; P.L. 1992, ch. 35, § 1.
RI Gen L § 16-62-11 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-11 - Trust funds.

§ 16-62-11. Trust funds.All money received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or notes or as revenues, receipts, or income, shall be trust funds to be held and applied solely as provided in the proceedings under which the bonds or notes are authorized. Any officer with whom, or any bank or trust company with which, any money shall be deposited as trustee of it shall hold and apply the money for its purposes, subject to the applicable provisions of this chapter, the proceedings authorizing the bonds or notes, and the trust agreement securing those bonds or notes, if any.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-12 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-12 - Exemption from taxation.

§ 16-62-12. Exemption from taxation.(a) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, the increase of their commerce, welfare, and prosperity, and for the improvement of their living conditions, and will constitute the performance of an essential government function; and the authority shall not be required to pay any taxes or assessments upon or in respect of any transaction or of any property or money of the authority levied by any municipality or political subdivision of the state.(b) The authority shall not be required to pay state taxes of any kind, and the authority, its property, and money, and, except for estate, inheritance, and gift taxes, any bonds or notes issued under the provisions of this chapter and the income, including gain from sale or exchange from it shall at all times be free from taxation of every kind by the state and by the municipalities and all political subdivisions of the state. The authority shall not be required to pay any transfer tax of any kind on account of instruments recorded by it or on its behalf.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-13 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-13 - Notes and bonds as legal investments.

§ 16-62-13. Notes and bonds as legal investments.The notes and bonds of the authority are made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, including, but not limited to, the authority, all companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business, all administrators, guardians, executors, trustees, and other fiduciaries, and all other persons who are now or may after this be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them.History of Section.P.L. 1981, ch. 44, § 1; P.L. 2016, ch. 374, § 1; P.L. 2016, ch. 375, § 1.
RI Gen L § 16-62-14 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-14 - Bondholders' rights not to be affected by state.

§ 16-62-14. Bondholders' rights not to be affected by state.The state does pledge to and agree with the holders of any bonds or notes issued under this chapter that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the holders until those bonds or notes, together with their interest, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of those holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of those bonds or notes.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-15 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-15 - Credit of state.

§ 16-62-15. Credit of state.Obligations issued under the provisions of this chapter shall not constitute a debt, liability, or obligation of the state or of any political subdivision of the state other than the authority or a pledge of the faith and credit of the state or any political subdivision other than the authority, but shall be payable solely from the revenues or assets of the authority. Each obligation issued under this chapter shall contain on its face a statement to the effect that the authority shall not be obligated to pay the obligation or its interest except from revenues or assets pledged for it and that neither the faith and credit nor the taxing power of the state or any political subdivision of the state other than the authority is pledged to the payment of the principal of or the interest on the obligation.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-16 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-16 - Authorization to accept appropriated money.

§ 16-62-16. Authorization to accept appropriated money.The authority is authorized to accept any money as may be appropriated by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes, or other obligations of the authority.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-17 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-17 - Assistance by state officers, departments, boards, and commissions.

§ 16-62-17. Assistance by state officers, departments, boards, and commissions.(a) All state agencies may render any services to the authority within their functions as may be requested by the authority.(b) Upon request of the authority, any state agency is authorized and empowered to transfer to the authority any officers and employees as it may deem necessary to assist the authority in carrying out its functions and duties under this chapter. Officers and employees transferred shall not lose their civil service status or rights.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-18 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-18 - Annual report.

§ 16-62-18. Annual report.Within six (6) months after the close of its fiscal year the board shall approve and submit an annual report to the governor, the speaker of the house of representatives, the president of the senate, and the secretary of state of its activities during that fiscal year. The report shall provide: an operating statement summarizing meetings or hearings held, meeting minutes if requested, subjects addressed, decisions rendered, rules or regulations promulgated, studies conducted, policies and plans developed, approved, or modified, and programs administered or initiated; a consolidated financial statement of all funds received and expended including the source of the funds, a listing of any staff supported by these funds, and a summary of any clerical, administrative or technical support received; a summary of performance during the previous fiscal year including accomplishments, shortcomings and remedies; a synopsis of hearings, complaints, suspensions, or other legal matters related to the authority; a summary of any training courses held pursuant to this chapter; a briefing on anticipated activities in the upcoming fiscal year; and findings and recommendations for improvements. The report shall be posted electronically on the general assembly and the secretary of state's websites as prescribed in § 42-20-8.2. The director of the department of administration shall be responsible for the enforcement of this provision. The authority shall cause an audit of its books and accounts to be made at least once each fiscal year by certified public accountants selected by it and the its cost shall be paid by the authority from funds available to it pursuant to this chapter.History of Section.P.L. 1981, ch. 44, § 1; P.L. 2005, ch. 241, § 8; P.L. 2005, ch. 319, § 8.
RI Gen L § 16-62-19 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-19 - Inconsistent provisions.

§ 16-62-19. Inconsistent provisions.When any provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special, or local, the provisions of this chapter shall be controlling.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-20 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-20 - Supplemental nature of powers - Issuance of bonds and notes governed by this chapter.

§ 16-62-20. Supplemental nature of powers — Issuance of bonds and notes governed by this chapter.Nothing contained in this chapter shall restrict or limit the powers of the authority arising under any laws of this state. This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized by it and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds, notes, and other obligations of the authority under the provisions of this chapter need not comply with the requirements of any other statute applicable to the issuance of bonds, notes, or other obligations. No proceedings or notice of approval shall be required for the issuance of any bonds, notes, and other obligations or any instruments of security for these except as provided in this chapter.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-21 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-21 - Construction.

§ 16-62-21. Construction.This chapter being necessary for the welfare of the state and its inhabitants shall be liberally construed to effectuate its purposes.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62-22 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62 - The Rhode Island Student Loan Authority|Section 16-62-22 - Severability.

§ 16-62-22. Severability.If any clause, sentence, paragraph, section, or part of this chapter shall be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair, or invalidate the remainder of this chapter but shall be confined in its operation to the clause, sentence, paragraph, section, or part directly involved in the controversy in which the judgment shall have been rendered.History of Section.P.L. 1981, ch. 44, § 1.
RI Gen L § 16-62.1-1 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62.1 - Nursing Loan Repayment Program|Section 16-62.1-1 - Legislative findings.

§ 16-62.1-1. Legislative findings.The purpose of this chapter is to provide an incentive, in the form of interest reduction on certain types of education loans, to students who desire to serve the health care needs of individuals in Rhode Island by enrolling in a registered nurse training program. The general assembly has found and hereby declares that it is in the public interest and essential to the welfare and well being of the inhabitants of the state that a sufficient number of registered nurses be attracted to Rhode Island to serve the health care needs of our population. The general assembly further finds that there is a growing shortage of qualified registered nurses to meet the needs of the state's population. The general assembly determines that it is vital to the welfare of the state's citizenry that an incentive be provided to attract and retain registered nurses in the state to meet their needs.History of Section.P.L. 2001, ch. 332, § 1.
RI Gen L § 16-62.1-2 (2021)
2021 Rhode Island General Laws|Title 16 - Education|Chapter 16-62.1 - Nursing Loan Repayment Program|Section 16-62.1-2 - Definitions.

§ 16-62.1-2. Definitions.For the purpose of this chapter, the following terms shall have the following meanings unless the context clearly requires otherwise:(1) "Authority" means the governmental agency and public instrumentality authorized, created and established pursuant to § 16-62-4.(2) "Eligible registered nurse" means an individual who holds a valid Rhode Island license to practice as a professional registered nurse and who works as a registered nurse in this state and can document that they work at least half time (average of twenty (20) hours per week).(3) "Loan" means a federal Stafford (FFELP) loan made by the authority or one of its participating lenders, issued after July 1, 2000 and not in default.(4) "Eligible employment" shall mean employment as a registered nurse responsible for patient care at any Rhode Island licensed health care facility, including, but not limited to, hospitals, nursing homes and home nursing care providers.History of Section.P.L. 2001, ch. 332, § 1.