reglab/housing_qa huggingface dataset:
RI Gen L § 45-38.1-5.2 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-5.2 - Acquisition of certain monies, endowments, properties, and guarantees.

§ 45-38.1-5.2. Acquisition of certain monies, endowments, properties, and guarantees.The corporation is authorized and empowered to establish specific guidelines relating to the deposits of certain monies, endowments, or properties by institutions for higher education which would provide security for education loan funding programs, corporation loans, education loans, or for bonds or notes, and to establish guidelines relating to guarantees of or contracts to purchase education loans or bonds by the institutions or by financial institutions or others. A default reserve fund may be established for each series or issue of bonds. In this regard, the corporation is empowered to receive monies, endowments, properties, and guarantees as it deems appropriate and, if necessary, to take title in the name of the corporation or in the name of a participating institution for higher education or a trustee.History of Section.P.L. 1982, ch. 301, § 3; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-5.3 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-5.3 - Conveyance of loan funding deposit after payment of bonds.

§ 45-38.1-5.3. Conveyance of loan funding deposit after payment of bonds.When the principal of, interest on, and premium, if any, due in connection with bonds or notes of the corporation issued to finance the cost of an education loan financing program or programs, including any refunding bonds or notes issued to refund and refinance those bonds or notes have been fully paid and retired, or when adequate provision has been made to fully pay and retire the bonds or notes, and all other conditions of the bond or note resolution authorizing the bonds or notes, have been satisfied and the security interest or lien created by the bond or note resolution has been released in accordance with the provisions of the resolution, the corporation shall promptly do those things and execute deeds and conveyances that are necessary and required to convey any remaining monies, properties, and other assets, comprising loan funding deposits, to the participating institutions for higher education which furnished the monies, properties, and other assets in proportion to the amounts furnished by the respective participating institutions for higher education.History of Section.P.L. 1982, ch. 301, § 3; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-6 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-6 - Acquisition of property.

§ 45-38.1-6. Acquisition of property.The corporation is authorized and empowered, directly, or by and through a participating institution for higher education or a participating health care provider, as its agent, to acquire by purchase or by gift or devise any lands, structures, property, real or personal, rights, rights of way, franchises, easements, and other interests in lands, including lands lying under water and riparian rights, which are located within or without the state as it may deem necessary or convenient for the construction or operation of a project, upon terms and at prices that may be considered by it to be reasonable and can be agreed upon between it and the owner of the property, and to take title to the property in the name of the corporation or in the name of a participating institution for higher education or a participating health care provider as its agent.History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1.
RI Gen L § 45-38.1-7 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-7 - Title to project.

§ 45-38.1-7. Title to project.When the principal of and interest on bonds of the corporation issued to finance the cost of a particular project or projects for a participating institution for higher education or for a participating health care provider, including any refunding bonds or notes issued to refund and refinance the bonds or notes, have been fully paid and retired, or when adequate provision has been made to fully pay and retire the bonds or notes, and all other conditions of the resolution or trust agreement authorizing and securing the bonds or notes have been satisfied and the lien of the resolution or trust agreement has been released in accordance with its provisions, the corporation shall promptly do things and execute deeds and conveyances that are necessary and required to convey title to the project or projects to the participating institution for higher education or the participating health care provider, free and clear of all liens and encumbrances, all to the extent that title to the project or projects shall not, at the time, then be vested in the participating institution for higher education or the participating health care provider.History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-8 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-8 - Notes of the corporation.

§ 45-38.1-8. Notes of the corporation.The corporation has the power and is hereby authorized, from time to time, to issue its negotiable notes, revenues anticipation notes, and capital notes for any corporate purpose or project and renew, from time to time, any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The corporation may issue notes partly to renew notes or to discharge other obligations then outstanding, and partly for any other purpose. The notes may be authorized, sold, executed, and delivered in the same manner as bonds. Any resolution or resolutions authorizing notes of the corporation, or any issue of notes, may contain any provisions which the corporation is authorized to include in any resolution or resolutions authorizing revenue bonds of the corporation or any issue thereof, and the corporation may include, in any notes, any terms, covenants, or conditions which it is authorized to include in any bonds. All the notes are payable solely from the revenues of the corporation, subject only to any contractual rights of the holders of any of its notes or other outstanding obligations.History of Section.P.L. 1967, ch. 56, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-10 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-10 - Trust agreement.

§ 45-38.1-10. Trust agreement.In the discretion of the corporation, any revenue bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the corporation and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the state. The trust agreement or the resolution providing for the issuance of the revenue bonds may pledge or assign the revenues to be received or proceeds of any contract or contracts pledged, and may convey or mortgage the project or any portion of it. The trust agreement or resolution providing for the issuance of the revenue bonds may contain any provisions for protecting and enforcing the rights and remedies of the bondholders that may be reasonable and proper and not in violation of law, including, particularly, provisions as have been specifically authorized by this chapter to be included in any resolution or resolutions of the corporation authorizing revenue bonds. It is lawful for any bank or trust company incorporated under the laws of the state which may act as depositary of the proceeds of bonds or of revenues or other moneys to furnish indemnifying bonds or to pledge securities as may be required by the corporation. The trust agreement may establish the rights and remedies of the bondholders and of the trustee or trustees, and may restrict the individual right of action by bondholders. In addition to the preceding, any trust agreement or resolution may contain any other provisions that the corporation may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of the trust agreement or resolution may be treated as a part of the cost of the operation of a project or of the education loan program.History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1982, ch. 301, § 5.
RI Gen L § 45-38.1-12 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-12 - Trust funds.

§ 45-38.1-12. Trust funds.All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or as revenues, are deemed to be trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, the moneys are deposited, shall act as trustee of the moneys and shall hold and apply the moneys for the purposes of this chapter, subject to regulations as this chapter and the resolution authorizing the bonds of any issue or the trust agreement securing the bonds may provide.History of Section.P.L. 1967, ch. 56, § 1.
RI Gen L § 45-38.1-13 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-13 - Remedies.

§ 45-38.1-13. Remedies.Any holder of revenue bonds or notes issued under the provisions of this chapter or of any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights given under this chapter may be restricted by any resolution authorizing the issuance of, or any trust agreement securing the bonds or notes, may, by suit, action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of the state or granted under this chapter or under the resolution or trust agreement, and may enforce and compel the performance of all duties required by this chapter or by the resolution or trust agreement to be performed by the corporation or by any officer, employee, or agent of the corporation, including the fixing, charging, and collecting of the rates, rents, fees, and charges authorized under this chapter and required by the provisions of the resolution or trust agreement to be fixed, established, and collected.History of Section.P.L. 1967, ch. 56, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-14 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-14 - Exemption from taxation.

§ 45-38.1-14. Exemption from taxation.The exercise of the powers granted by this chapter are in all respects for the benefit of the people of the state, for the increase of their commerce, welfare, and prosperity, and for the improvement of their health and living conditions, and constitutes the performance of an essential governmental function, and neither the corporation nor its agent nor the lessee shall or may be required to pay any taxes or assessments upon or in respect of a project or any property acquired or used by the corporation or its agent or the lessee under the provisions of this chapter, or upon the income therefrom, and any bonds issued under the provisions of this chapter, their transfer, and the income from the bonds, including any profit made on the sale of the bonds, shall at all times be free from taxation of every kind by the state and by the municipalities and all other political subdivisions of the state.History of Section.P.L. 1967, ch. 56, § 1.
RI Gen L § 45-38.1-16 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-16 - Bonds eligible for investment.

§ 45-38.1-16. Bonds eligible for investment.Bonds or notes issued by the corporation under the provisions of this chapter are made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, credit unions, building and loan associations, investment companies, executors, administrators, trustees and other fiduciaries, pension, profit sharing, and retirement funds, may properly and legally invest funds, including capital in their control or belonging to them. The bonds or notes are made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized by law.History of Section.P.L. 1967, ch. 56, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-17 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-17 - Annual report and audit.

§ 45-38.1-17. Annual report and audit.Within four (4) months after the close of each fiscal year of the corporation, it shall make a report to the governor, the speaker of the house, the president of the senate and the secretary of state of its activities for the preceding fiscal year, and the report shall present a complete operating and financial statement covering the corporation's operations during the preceding fiscal year. In addition the report shall provide a summary of the applications received and approved loans or aid provided to the communities and a summary of the status of loans and status of the school building authority capital fund. The corporation shall cause an audit of its books and accounts to be made at least once each fiscal year by certified public accountants, and the cost of the audit shall be paid by the corporation from funds available to it pursuant to this chapter. The report shall be posted as prescribed in § 42-20-8.2. The director of the department of administration shall be responsible for the enforcement of this provision.History of Section.P.L. 1967, ch. 56, § 1; P.L. 2015, ch. 141, art. 9, § 3.
RI Gen L § 45-38.1-18 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-18 - Source of payment of expenses.

§ 45-38.1-18. Source of payment of expenses.All expenses incurred in carrying out the provisions of this chapter are payable solely from funds provided under the authority of this chapter, and no liability or obligation shall be incurred by the corporation under this chapter beyond the extent to which moneys have been provided under the provisions of this chapter.History of Section.P.L. 1967, ch. 56, § 1.
RI Gen L § 45-38.1-19 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-19 - State not liable.

§ 45-38.1-19. State not liable.(a) Except with regard to state reimbursement related to school housing project financing, the state is not liable for the payment of the principal of or interest on any bonds or notes of the corporation, or for the performance of any pledge, mortgage, obligation, or agreement of any kind whatsoever which may be undertaken by the corporation, and none of the bonds or notes of the corporation nor any of its agreements or obligations, except for state reimbursement related to school housing project financing, are construed to constitute an indebtedness of the state within the meaning of any constitutional or statutory provision whatsoever, nor shall the issuance of bonds or notes, under the provisions of this chapter, directly or indirectly or contingently obligate the state or any municipality or political subdivision of the state to levy or to pledge any form of taxation for them or to make any appropriation for their payment, except for state reimbursement for school housing projects. All of the revenue bonds or notes shall contain on the face a statement to the effect that neither the state nor the corporation are obligated to pay the revenue bonds or notes, or their interest except from revenues of the project or projects for which they are issued, and that neither the faith and credit nor the taxing power of the state or of any municipality or political subdivision of the state is pledged to the payment of the principal of or the interest on those bonds or notes; provided, however, that in connection with any state housing project financing, the statement on the face of the bonds shall also include an exception for state reimbursement.(b) Nothing contained in this section shall prevent nor be construed to prevent the corporation from pledging its full faith and credit or the full faith and credit of a participating institution for higher education or health care provider to the payment of bonds or notes, or issue of bonds or notes authorized pursuant to this chapter.History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1; P.L. 2004, ch. 595, art. 23, § 1.
RI Gen L § 45-38.1-20 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-20 - Procedure before issuance of bonds or notes.

§ 45-38.1-20. Procedure before issuance of bonds or notes.Notwithstanding any other provisions of this chapter, the corporation is not empowered to undertake any project authorized by this chapter unless, prior to the issuance of any bonds or notes under this chapter, it has determined that:(1) The acquisition, construction, or financing of the cost of the project will:(i) With respect to an institution for higher education, enable or assist the institution to fulfill its obligations in providing education to the youth of this state; or(ii) With respect to a health care provider, enable the health care provider to improve the health of the people it serves by means of expanded health care, health care provider, and other related services; and(2) The project is leased to, or owned by, a financially responsible institution for higher education or health care provider within the state; and(3) Adequate provision has been, or will be, made for the payment of the cost of the construction and/or acquisition of the project, and, except with regard to those bonds issued through the corporation related to school housing project financing, that under no circumstances will the state be obligated, directly or indirectly, for the payment of the cost of the construction and/or acquisition of the project, or for the payment of the principal of, or interest on, any obligations issued to finance the construction and/or acquisition; and(4) Adequate provision has been, or will be made in any agreement with respect to or lease of the project for payment of all costs of operation, maintenance, and upkeep of the project by the lessee, sublessee, or occupant so that under no circumstances is the state obligated, directly or indirectly, for the payment of the costs except with regard to state reimbursement for school housing projects; provided, that no findings shall be made and no financing effected under this chapter, with respect to health care providers, unless the proposed health care providers have first been approved by any state agency empowered to approve the construction of any health care providers in the manner provided in its general laws.History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2000, ch. 184, § 1; P.L. 2004, ch. 595, art. 23, § 1.
RI Gen L § 45-38.1-21 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-21 - Agreement of the state.

§ 45-38.1-21. Agreement of the state.The state pledges to and agrees with the holders of any bonds or notes issued under this chapter, and with those parties who may enter into contracts with the corporation pursuant to the provisions of this chapter, that the state will not limit or alter the rights vested in the corporation until any obligations under contracts, together with the interest, are fully met and discharged and the contracts are fully performed on the part of the corporation, provided, that nothing contained in this chapter precludes the limitation or alteration if and when adequate provision is be made by law for the protection of the holders of the bonds of the corporation or those entering into the contracts with the corporation. The corporation is authorized to include this pledge and undertaking for the state in the bonds, notes, or contracts.History of Section.P.L. 1967, ch. 56, § 1; P.L. 2000, ch. 184, § 1.
RI Gen L § 45-38.1-22 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-22 - Chapter cumulative - No notice required.

§ 45-38.1-22. Chapter cumulative — No notice required.Neither this chapter nor anything contained in this chapter shall be construed as a restriction or limitation upon any powers which the Rhode Island health and educational building corporation might otherwise have under any laws of this state, but shall be construed as cumulative of those powers. The preceding sections of this chapter are deemed to provide a complete, additional, and alternative method for the doing of the things authorized by this chapter, and shall be regarded as supplemental and additional to powers conferred by other laws; provided, that the issuance of revenue bonds and revenue refunding bonds under the provision of this chapter need not comply with the requirements of any other law applicable to the issuance of bonds, including particularly title 6A, and contracts for the construction and acquisition of any project undertaken pursuant to this chapter need not comply with the provisions of title 37. To the extent that the provisions of this chapter are inconsistent with the provisions of the general laws, this chapter shall be deemed controlling. No proceedings, notice, or approval shall be required for the issuance of any bonds or any instrument as security therefor, except as is provided in this chapter.History of Section.P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2.
RI Gen L § 45-38.1-23 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-23 - Chapter liberally construed.

§ 45-38.1-23. Chapter liberally construed.This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.History of Section.P.L. 1967, ch. 56, § 1.
RI Gen L § 45-38.1-24 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-38.1 - Health And Educational Building Corporation|Section 45-38.1-24 - Severability.

§ 45-38.1-24. Severability.If any section, clause, provision, or portion of this chapter is held to be invalid or unconstitutional by any court of competent jurisdiction, that holding shall not affect any other section, clause, or provision of this chapter which is not in and of itself unconstitutional.History of Section.P.L. 1967, ch. 56, § 1.