reglab/housing_qa huggingface dataset:
RI Gen L § 35-8.1-24 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8.1 - Refunding Bond Authority|Section 35-8.1-24 - Personal liability on bonds.

§ 35-8.1-24. Personal liability on bonds.Neither the members of the board nor any person executing bonds issued under this chapter are liable personally on the bonds.History of Section.P.L. 1987, ch. 12, § 1.
RI Gen L § 35-8.1-25 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8.1 - Refunding Bond Authority|Section 35-8.1-25 - Transfer of authority's funds and property upon dissolution.

§ 35-8.1-25. Transfer of authority's funds and property upon dissolution.If the authority shall be dissolved, all funds of the authority, not required for the payment of bonds or other debts of the authority, the disposition of which is not otherwise governed by contracts to which the authority may be party, shall be paid to the general treasurer for the use of the state, and, except as provided in this chapter, all property belonging to the authority shall be vested in the state and delivered to it.History of Section.P.L. 1987, ch. 12, § 1.
RI Gen L § 35-8.1-26 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8.1 - Refunding Bond Authority|Section 35-8.1-26 - Chapter controlling over inconsistent provisions.

§ 35-8.1-26. Chapter controlling over inconsistent provisions.Insofar as the provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special, or local, or of any rule or regulation of the state or municipality, the provisions of this chapter shall be controlling.History of Section.P.L. 1987, ch. 12, § 1.
RI Gen L § 35-8.1-27 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8.1 - Refunding Bond Authority|Section 35-8.1-27 - Applicability of other laws.

§ 35-8.1-27. Applicability of other laws.This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized hereby and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds 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. No proceedings or notice of approval shall be required for the issuance by the authority of any bonds.History of Section.P.L. 1987, ch. 12, § 1.
RI Gen L § 35-8.1-28 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8.1 - Refunding Bond Authority|Section 35-8.1-28 - Liberal construction.

§ 35-8.1-28. Liberal construction.This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes.History of Section.P.L. 1987, ch. 12, § 1.
RI Gen L § 35-8.1-29 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8.1 - Refunding Bond Authority|Section 35-8.1-29 - Severability.

§ 35-8.1-29. Severability.The provisions of this chapter are severable, and if any of its provisions shall be held unconstitutional by any court of competent jurisdiction, the decision of that court shall not affect or impair any of the remaining provisions.History of Section.P.L. 1987, ch. 12, § 1.
RI Gen L § 35-9-2 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-9 - Touro Funds|Section 35-9-2 - Judah Touro fund.

§ 35-9-2. Judah Touro fund.The following act as passed by the general assembly in March, 1879, shall continue in force:"Whereas, it has been made to appear to this general assembly that Judah Touro, formerly of New Orleans, deceased, made in his will the following bequest: 'I give and bequeath ten thousand dollars ($10,000) for the purpose of paying the salary of a reader or minister to officiate in the Jewish synagogue of Newport, Rhode Island, and to endow the ministry of the same, as well as to keep in repair and embellish the Jewish cemetery in Newport aforesaid, the said amount to be appropriated and paid or invested for that purpose in such manner as my executors may determine concurrently with the corporation of Newport aforesaid, if necessary; and it is my wish and desire that David J. Gould and Nathan H. Gould, sons of my esteemed friend, the late Isaac Gould, Esq., of Newport aforesaid, should continue to oversee the improvements in said cemetery and direct the same,' and that said city of Newport accepted said bequest and that the said money was paid by the said executors to the persons authorized by said city to receive it, and the same, with accumulations, now stands invested in the name or in the hands of certain trustees of the Judah Touro ministerial fund, appointed by said city. And whereas it is desired that said city shall be expressly authorized to hold said trust property and perform the trusts thereof: Therefore,"It is enacted by the general assembly as follows:"§ 1. The said city of Newport, by its city council, is hereby empowered to demand, recover and receipt for and take and hold the property aforesaid, and to invest and keep invested the same in its name upon the trusts aforesaid, and to use and apply the same to and for the said trusts, with power to appoint and employ such officers and agents as may be needful or desirable for the care of said property and the proper performance of said trusts."History of Section.G.L. 1896, ch. 84, § 1; G.L. 1909, ch. 99, § 1; G.L. 1923, ch. 111, § 1; G.L. 1938, ch. 648, § 1; G.L. 1956, § 35-9-2.
RI Gen L § 35-10-2 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-2 - Determination of funds for investment.

§ 35-10-2. Determination of funds for investment.The commission shall in its absolute discretion determine which money of the state fund structure are not immediately required for expenditure and shall invest the money of the state from the general fund, rotary funds, sinking funds, special revenue funds, trust and agency funds, including the veterans' home fund, permanent school fund, employees' retirement fund, Touro Jewish synagogue fund, Rhode Island temporary disability insurance reserve fund, and from such other funds as are established or which may be established in the custody of the state.History of Section.P.L. 1958, ch. 164, § 2.
RI Gen L § 35-10-3 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-3 - Investment of bond issue proceeds.

§ 35-10-3. Investment of bond issue proceeds.The commission shall invest the proceeds of all bond issues not immediately required.History of Section.P.L. 1958, ch. 164, § 3.
RI Gen L § 35-10-4 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-4 - Funds not subject to investment.

§ 35-10-4. Funds not subject to investment.The commission shall not invest money in funds which are subject to the control of the council on postsecondary education; provided, however, that the commission shall not be prohibited from investing moneys in the college savings program created by § 16-57-6.1.History of Section.P.L. 1958, ch. 164, § 4; P.L. 1997, ch. 81, § 3; P.L. 1997, ch. 91, § 3; P.L. 2015, ch. 141, art. 7, § 14.
RI Gen L § 35-10-5 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-5 - Investment of sinking fund moneys.

§ 35-10-5. Investment of sinking fund moneys.Notwithstanding the provisions of this chapter, any sinking fund money shall be invested in bonds or certificates of indebtedness of the state, or in bonds of the United States or of any state of the United States, or, in the commission's discretion, in the interest bearing notes or bonds of any city, town, or fire district in the state, or of any county, city, or town in any state of the United States.History of Section.P.L. 1958, ch. 164, § 5.
RI Gen L § 35-10-6 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-6 - Investment of funds not immediately required.

§ 35-10-6. Investment of funds not immediately required.(a) Except as otherwise provided in this chapter, any money not immediately required shall be invested for the benefit of the several funds in any security or investment in which deposits of savings banks and participation deposits in banks and trust companies may be legally invested; provided, that investments shall be made in securities as would be acquired by prudent persons of discretion and intelligence in these matters, who are seeking a reasonable income and the preservation of their capital.(b) Notwithstanding subsection (a), the commission is authorized and empowered to execute the disposition and investment of the funds which are within its control in accordance with the prudent person standard as defined in this subsection. The commission shall adopt a statement of investment objectives and policies consistent with the prudent person standard. Management and professional expenses incurred by the commission in the furtherance of this section shall be paid from the funds in an amount required for these expenses. For purposes of this subsection, the prudent person standard shall be that standard of care employed solely in the interest of the participants and beneficiaries of the funds and:(1) For the exclusive purpose of:(i) Providing benefits to participants and their beneficiaries; and(ii) Defraying reasonable expenses of administering the funds;(2) With the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with these matters would use in the conduct of an enterprise of a like character and with like aims; and(3) By diversifying the investments of the fund so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so.(c) The state controller is authorized and directed to draw his or her orders upon the general treasurer for the purchase of investments, upon receipt by him or her of properly authenticated vouchers signed by the chairperson, or a deputy treasurer in the event of the chairperson's absence or illness, and by the secretary of the commission. The proceeds from the sale of investments shall be paid to the general treasurer for the benefit of the several funds on the forms prescribed and duly signed by the chairperson and secretary of the commission.History of Section.P.L. 1958, ch. 164, § 6; P.L. 1987, ch. 60, art. 1, § 6; P.L. 1987, ch. 557, § 1.
RI Gen L § 35-10-7 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-7 - Expenses of commission - Employees.

§ 35-10-7. Expenses of commission — Employees.(a) Members of the commission shall serve without compensation but shall be reimbursed for any necessary expenses.(b) No member or employee of the commission shall profit directly or indirectly from any investment transaction made by the commission. This provision is not intended to limit in any way the right of any member or employee of the commission to own shares of stock or bonds of any corporation or other entity in which money of the several funds are or may be invested.History of Section.P.L. 1958, ch. 164, § 7; P.L. 1963, ch. 171, § 1; P.L. 1968, ch. 9, § 1; P.L. 2005, ch. 117, art. 21, § 28; P.L. 2006, ch. 319, § 3; P.L. 2006, ch. 444, § 3.
RI Gen L § 35-10-8 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-8 - Rules and regulations.

§ 35-10-8. Rules and regulations.The commission is authorized and empowered to adopt and prescribe rules of procedure and regulations, and from time to time amend, change, and eliminate such rules and regulations as it may deem necessary to the proper administration of this chapter and the performance of its duties, by filing written notice thereof in the office of the secretary of state; and may in any particular case prescribe a variation in the procedure or regulation when it shall deem it necessary, in view of the exigencies of the case and the importance of speedy action, in order to carry out the intent and purpose of this chapter, by filing written notice thereof in the office of the secretary of state. All these filings shall be available for public inspection.History of Section.P.L. 1958, ch. 164, § 8.
RI Gen L § 35-10-9 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-9 - Repeal of authority of various officers and boards.

§ 35-10-9. Repeal of authority of various officers and boards.All authority for investment placed with the governor, the general treasurer, the retirement board, the sinking fund commission, the director of employment security, or any other state officer, is herewith repealed.History of Section.P.L. 1958, ch. 164, § 9.
RI Gen L § 35-10-10 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-10 - Repealed.

§ 35-10-10. Repealed.History of Section.P.L. 1963, ch. 171, § 2; Repealed by P.L. 1994, ch. 70, art. 9, § 1, effective July 1, 1994.
RI Gen L § 35-10-12 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-12 - Investment in corporations doing business in South Africa.

§ 35-10-12. Investment in corporations doing business in South Africa.(a) It is hereby found by the general assembly that:(1) The African national congress (ANC), led by Nelson Mandela, has called upon the international community to lift all sanctions previously imposed to censure South Africa for its apartheid policies and to apply economic pressure to leverage political and humanitarian change in that country; and(2) South Africa has held elections in April, 1994, allowing black South Africans their first opportunity to vote in national elections.(b) Following democratically-held elections in the Republic of South Africa, the commission and all quasi-public agencies shall be free to hold the stocks, bonds, and other forms of financial investments of any banks or publicly-traded corporations which operate in South Africa, hereby lifting the sanctions previously imposed on these investments.(c) The commission shall encourage, through the voting of proxies with other institutional investors, United States corporations operating in the Republic of South Africa to endorse and comply with the responsible reinvestment standard set forth by the South African council of churches (SACC), known as the "Code of Conduct for Businesses Operating in South Africa", which is designed to promote equal opportunity, workers' rights, environmental protection, and community economic development benefitting all South Africans.History of Section.P.L. 1985, ch. 336, § 1; P.L. 1988, ch. 419, § 1; P.L. 1994, ch. 138, § 1.
RI Gen L § 35-10-13 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-13 - Reinvestments directed at job retention and creation.

§ 35-10-13. Reinvestments directed at job retention and creation.Consistent with the investment criteria set forth in §§ 35-10-6, 35-10-11, and 35-10-12, the commission is specifically authorized to invest state funds or pension funds in investments which are intended to retain or create jobs in the New England region, but with priority given among the investments to the retention and creation of jobs in the state of Rhode Island. Notwithstanding the investment limitations set forth in §§ 35-10-6 and 35-10-11, the commission may in any particular case prescribe the following variations in these investment limitations when it shall deem it appropriate in view of the exigencies of the case and in order to carry out the intent and purpose of this section: (1) direct or indirect mortgage or collateral loans for projects or businesses; or (2) direct or equity interests in real estate, projects, or businesses; provided, that the total amount of all these loans or investments do not exceed at the time of making the loan and/or investment five percent (5%) of the total funds which are under the jurisdiction of the commission and which are subject to its statement of investment objectives and guidelines; and further provided, that investments made under this section shall be made in accordance with the prudent person standard set forth in this chapter.History of Section.P.L. 1985, ch. 336, § 1; P.L. 1990, ch. 244, § 1.
RI Gen L § 35-10-15 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10 - State Investment Commission|Section 35-10-15 - Disclosure of performance and expenses.

§ 35-10-15. Disclosure of performance and expenses.(a) In 2015, the office of general treasurer launched the "Transparent Treasury Initiative" in order to assist the public in accessing information regarding how the state's pension investments are managed and invested; how such investments are performing; and to provide an overview of the state's pension investment strategies. The purpose of this section is to provide a statutory requirement for the continuance of several aspects of this initiative.(b) The state investment commission shall, on a best-effort basis, compile and disclose in a manner readily accessible to the public the following information:(1) On a quarterly basis, as to each investment vehicle and as to all vehicles in the aggregate, the current values of the investment, and the annualized performance of the investment, net of fees and expenses;(2) On an annual basis, as to each vehicle and as to all vehicles in the aggregate, the dollar amount of fees and expenses paid to each manager including, if applicable, management fees, performance fees, and fund expenses.(c) Disclosure of expenses in subsection (b)(2) of this section shall only be required for investments initiated by the retirement system on or after June 30, 2017.(d) The general treasurer shall use best efforts to calculate and verify the relevant information necessary for the state investment commission to comply with these disclosure requirements.(e) For purposes of this section:(1) "Investment" means an investment in a mutual fund, index fund, private equity fund, a venture capital fund, a hedge fund, a real estate fund, infrastructure fund, or any other investment vehicle in which retirement system assets are invested.(2) "Investment vehicle" means the mutual fund, index fund, limited partnership, limited-liability company or similar legal structure through which the retirement system makes an investment.(3) "Retirement system" means the employees' retirement system of the state established by § 36-8-2.History of Section.P.L. 2017, ch. 399, § 1; P.L. 2017, ch. 427, § 1.
RI Gen L § 35-10.1-1 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10.1 - Collateralization of Public Deposits|Section 35-10.1-1 - Short title.

§ 35-10.1-1. Short title.This chapter shall be known as and may be cited as the "Rhode Island Collateralization of Public Deposits Act".History of Section.P.L. 1991, ch. 44, art. 74, § 1.
RI Gen L § 35-10.1-3 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10.1 - Collateralization of Public Deposits|Section 35-10.1-3 - Securing of deposits.

§ 35-10.1-3. Securing of deposits.(a) Every qualified public depository shall, at a minimum insure or pledge eligible collateral equal to one hundred percent (100%) of public deposits which are time deposits with maturities greater than sixty (60) days, and which were maintained with that depository institution as of October 1, 1991; provided, that any qualified depository institution which does not meet its minimum capital standard as prescribed by its federal regulator shall insure or pledge eligible collateral equal to one hundred percent (100%) of all public deposits maintained with that depository institution as of October 1, 1991. The amount of eligible collateral required shall be determined when funds are deposited for time deposits, and at the end of each month for demand deposits. The amount of required insurance shall be determined in accordance with § 35-10.1-8.(b) All eligible collateral shall be designated as security for public deposits under this chapter and shall be segregated from the depository institution's other assets, by:(1) Depositing the collateral in a custodial account at the federal reserve bank or federal home loan bank for the district in which the qualified depository institution is located;(2) Depositing the collateral in a custodial account in the qualified depository institution's trust department or in the trust department of another qualified depository institution; provided, that the terms under which the collateral is to be held are set forth in a written custodial agreement; and provided, further, that no creditor of the depository institution that pledged the collateral may have or obtain rights in the collateral that are superior to the rights of the public depositor; or(3) When the collateral is held in book entry form, notifying the custodian of the collateral that it has been pledged as collateral for a public deposit.(c) If eligible collateral has been designated and segregated as provided in this section, the public depositor shall be deemed to have a perfected security interest therein.(d) The qualified depository institution shall deliver to the general treasurer, municipal finance officer, or chief financial officer a power of attorney authorizing the general treasurer, municipal finance officer, or chief financial officer to transfer or liquidate these securities in the event of default, financial failure, or insolvency of a depository institution.History of Section.P.L. 1991, ch. 44, art. 74, § 1.
RI Gen L § 35-10.1-4 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10.1 - Collateralization of Public Deposits|Section 35-10.1-4 - Substitution of collateral.

§ 35-10.1-4. Substitution of collateral.A qualified depository institution may substitute insurance or different forms of collateral from time to time without notice to the public depositor or the commission; provided, that any substitute collateral constitutes eligible collateral; and provided, further, that no substitution of insurance or collateral shall cause the depository institution to cease being a qualified depository institution.History of Section.P.L. 1991, ch. 44, art. 74, § 1.
RI Gen L § 35-10.1-5 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10.1 - Collateralization of Public Deposits|Section 35-10.1-5 - Valuation of collateral.

§ 35-10.1-5. Valuation of collateral.The valuation of collateral shall be established initially at the time the collateral is pledged and shall be adjusted thereafter as of the last day of each month. For the purpose of this chapter, the value of collateral shall be its market value.History of Section.P.L. 1991, ch. 44, art. 74, § 1.
RI Gen L § 35-10.1-6 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-10.1 - Collateralization of Public Deposits|Section 35-10.1-6 - Income from collateral.

§ 35-10.1-6. Income from collateral.The income from assets that constitute segregated collateral shall belong without restriction to the depository institution that pledged the collateral unless and until the assets are transferred to the public depositor or its designee as the result of a default or insolvency of the depository institution.History of Section.P.L. 1991, ch. 44, art. 74, § 1.