reglab/housing_qa huggingface dataset:
RI Gen L § 35-8-6.2 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-6.2 - Sinking funds to replace bond issuance.

§ 35-8-6.2. Sinking funds to replace bond issuance.(a) Prior to the issuance of previously authorized general obligation debt contained in the capital improvement plan, the sinking fund commission may cause a savings analysis to be performed to determine if the estimated savings resulting from the defeasance of the general obligation debt recommended for defeasance by the sinking fund is more or less than the savings which would be achieved if the previously authorized general obligation debt were not issued. In the event that the sinking fund commission makes a finding that the savings would be greater from not issuing the previously authorized general obligation debt, then the sinking fund commission may use sinking funds to replace, in whole or in part, the same debt authorization.(b) Upon the sinking fund commission's determination to use sinking funds to replace, in whole or in part, authorized but unissued general obligation debt authorization, the amount designated by the sinking fund commission is hereby appropriated for that purpose.History of Section.P.L. 2000, ch. 55, art. 3, § 2.
RI Gen L § 35-8-7 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-7 - [Obsolete.]

§ 35-8-7. [Obsolete.]
RI Gen L § 35-8-8 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-8 - Safekeeping of securities and records of sinking fund commission.

§ 35-8-8. Safekeeping of securities and records of sinking fund commission.The sinking fund commission shall make provision for the safekeeping of its securities, and it may hire and pay for a place of security. The records and books of account of the commission shall be deposited in the vault in the office of the general treasurer.History of Section.G.L. 1896, ch. 32, § 7; G.L. 1909, ch. 42, § 7; G.L. 1923, ch. 43, § 7; G.L. 1938, ch. 107, § 7; impl. am. P.L. 1939, ch. 660, § 200; G.L. 1956, § 35-8-8.
RI Gen L § 35-8-9 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-9 - Records and annual report of sinking fund commission.

§ 35-8-9. Records and annual report of sinking fund commission.The sinking fund commission shall keep a full record of its meetings and proceedings. The commission shall make a full report in writing to the general assembly on or before the tenth day of January in each year, showing respectively the conditions and manner of the investments of the sinking fund or sinking funds on the thirtieth day of June preceding, the estimated savings from the commission's refinancing of debt in the prior fiscal year, the estimated total debt service payments of the debt retired by the commission in the prior fiscal year, and shall in the report certify that the various investment securities in the sinking funds have been examined by the director of administration.History of Section.G.L. 1896, ch. 32, § 8; P.L. 1901, ch. 809, § 4; G.L. 1909, ch. 42, § 8; G.L. 1923, ch. 43, § 8; P.L. 1931, ch. 1787, § 1; G.L. 1938, ch. 107, § 8; P.L. 1942, ch. 1216, § 1; impl. am. P.L. 1951, ch. 2727, art. 1, § 3; G.L. 1956, § 35-8-9; P.L. 1998, ch. 31, art. 26, § 2.
RI Gen L § 35-8-10 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-10 - Expenses of sinking fund commission members.

§ 35-8-10. Expenses of sinking fund commission members.The actual expenses of the members of the sinking fund commission, when certified by the secretary and approved by the governor, shall be paid from the state treasury.History of Section.G.L. 1896, ch. 32, § 9; G.L. 1909, ch. 42, § 9; G.L. 1923, ch. 43, § 9; G.L. 1938, ch. 107, § 9; impl. am. P.L. 1939, ch. 660, § 200; G.L. 1956, § 35-8-10.
RI Gen L § 35-8-10.1 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-10.1 - Expenses of sinking fund commission.

§ 35-8-10.1. Expenses of sinking fund commission.The commission may incur reasonable expenses in the fulfillment of its duties, including but not limited to bond counsel and financial advisement. These expenses shall be paid out of the commission's annual appropriation.History of Section.P.L. 1998, ch. 31, art. 26, § 3.
RI Gen L § 35-8-11 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-11 - Payments into sinking funds.

§ 35-8-11. Payments into sinking funds.Beginning with fiscal year 2005, the sinking fund shall receive such sums as may be appropriated by the General Assembly.History of Section.G.L. 1896, ch. 32, § 11; G.L. 1909, ch. 42, § 11; G.L. 1923, ch. 43, § 11; P.L. 1931, ch. 1696, § 1; G.L. 1938, ch. 107, § 11; P.L. 1940, ch. 882, § 1; G.L. 1956, § 35-8-11; P.L. 1998, ch. 31, art. 26, § 2; P.L. 2000, ch. 55, art. 3, § 1; P.L. 2001, ch. 77, art. 3, § 1; P.L. 2002, ch. 65, art. 17, § 1; P.L. 2003, ch. 376, art. 4, § 1; P.L. 2004, ch. 595, art. 6, § 1.
RI Gen L § 35-8-12 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-12 - Annual deficit payments to sinking fund commission.

§ 35-8-12. Annual deficit payments to sinking fund commission.Annually, within five (5) days after the fifteenth of June in each fiscal year, the sinking fund commission shall certify in writing to the controller the sum necessary to offset any deficit then existing in the sinking fund and thereupon, on or before the last business day of the fiscal year, it shall be the duty of the controller to draw his or her order upon the general treasurer, directing the treasurer to transfer that sum from the general fund to the sinking fund.History of Section.G.L. 1938, ch. 107, § 11; P.L. 1940, ch. 882, § 1; G.L. 1956, § 35-8-12.
RI Gen L § 35-8-13 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-13 - Surplus remaining after redemption of bonds.

§ 35-8-13. Surplus remaining after redemption of bonds.All sums of money remaining in the hands of the sinking fund commission, after the redemption of any bonds, shall, if not otherwise directed by the general assembly, be added by them to the sinking fund for the bonds yet to mature.History of Section.G.L. 1896, ch. 32, § 12; G.L. 1909, ch. 42, § 12; G.L. 1923, ch. 43, § 12; G.L. 1938, ch. 107, § 12; impl. am. P.L. 1939, ch. 660, § 200; G.L. 1956, § 35-8-13.
RI Gen L § 35-8-14 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-14 - General sinking fund established.

§ 35-8-14. General sinking fund established.The general treasurer is authorized and directed to establish a general sinking fund for the purpose of providing funds for the payment of all state bonds at maturity, including all bonds authorized and issued according to law, and to transfer all the existing sinking funds to the general sinking fund. Wherever in any general law, public law, act, or resolution of the general assembly provision is made for the establishment of a sinking fund to extinguish a state debt at its maturity, that provision shall be construed to mean an addition to the general sinking fund for the redemption of state bonds at their maturity in conformity with this section.History of Section.G.L. 1923, ch. 43, § 13; P.L. 1931, ch. 1696, § 2; G.L. 1938, ch. 107, § 13; G.L. 1956, § 35-8-14.
RI Gen L § 35-8-15 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-15 - Custody of securities in general sinking fund.

§ 35-8-15. Custody of securities in general sinking fund.Subject to the provisions of § 35-8-8, and to the orders of the sinking fund commission or the state investment commission, the general treasurer shall have the custody of all securities in the general sinking fund established under the provisions of this chapter.History of Section.G.L. 1923, ch. 43, § 14; P.L. 1931, ch. 1696, § 2; G.L. 1938, ch. 107, § 14; impl. am. P.L. 1939, ch. 660, § 200; G.L. 1956, § 35-8-15; impl. am. P.L. 1958, ch. 164.
RI Gen L § 35-8-16 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-16 - Board for replacement of lost, destroyed, or mutilated bonds or notes.

§ 35-8-16. Board for replacement of lost, destroyed, or mutilated bonds or notes.The attorney general, the secretary of state, and the general treasurer are hereby constituted a board, hereinafter referred to in §§ 35-8-17 — 35-8-18 as "the board", to carry out the provisions of those sections.History of Section.G.L. 1938, ch. 107, § 15; P.L. 1939, ch. 668, § 1; G.L. 1956, § 35-8-16.
RI Gen L § 35-8-17 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-17 - Replacement or repair of damaged bonds or notes.

§ 35-8-17. Replacement or repair of damaged bonds or notes.Whenever the board is satisfied that any instrument or printed or written paper presented to it is in fact a valid bond or note of the state but it is so damaged that its condition is such as to hinder or prevent the owner or holder thereof from making good delivery of the bond or note, the board may, upon payment to it by the owner or holder thereof of such a sum as it deems necessary to cover the actual expense involved, cause the damage to be repaired or remedied by requiring the proper officers of the state to sign the bond or note in place of their damaged or destroyed signatures or those of their predecessors in office, to issue a duplicate bond or note, or to do whatever else the board may require of them to repair or remedy the damage. But no duplicate bond or note shall be so issued except upon the surrender of the original bond or note, which shall thereupon be cancelled forthwith, and the repaired or duplicate bond or note shall be treated in all respects as a valid obligation of the state. On every repaired or duplicate bond or note the general treasurer shall certify on the back thereof that the bond or note has been repaired or issued under the provisions of this section and the certification shall be conclusive proof that the bond or note has been repaired or issued in accordance with the requirements of the board and that it is a valid obligation of the state in accordance with its terms.History of Section.G.L. 1938, ch. 107, § 15; P.L. 1939, ch. 668, § 1; G.L. 1956, § 35-8-17.
RI Gen L § 35-8-18 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-18 - Replacement of lost or destroyed bond or note - Bond to protect state.

§ 35-8-18. Replacement of lost or destroyed bond or note — Bond to protect state.Whenever the board is satisfied that any bond or note of the state has been lost or destroyed, the board may, upon payment to it by the owner or holder thereof of such a sum as it deems necessary to cover the actual expense involved and under such regulations and with such restrictions as it may prescribe, order the general treasurer and/or such other officers of the state as the board may designate to issue a duplicate of the bond or note, payable at the same time, bearing the same rate of interest as the bond or note so lost or destroyed, and so marked as to show the number if known and date of the original bond or note. No duplicate shall be issued until the owner of the lost or destroyed bond or note shall give to the general treasurer a bond in double the amount of the lost or destroyed bond or note and of the interest which would accrue until the principal is due and payable, with two (2) sufficient sureties both residents of the state, or with a surety company authorized to do business in this state, approved by the board, conditioned to indemnify and save harmless the state from any claim or demand on account of the lost or destroyed bond or note.History of Section.G.L. 1938, ch. 107, § 15; P.L. 1939, ch. 668, § 1; G.L. 1956, § 35-8-18.
RI Gen L § 35-8-19 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-19 - Substitution of coupon bond for registered bond or registered bond for coupon bond.

§ 35-8-19. Substitution of coupon bond for registered bond or registered bond for coupon bond.Whenever the holder of any registered or coupon bond of this state which is now or shall hereafter be issued or outstanding shall desire to substitute the registered bond for a coupon bond, or the coupon bond for a registered bond, he or she shall present the coupon bond to the general treasurer with a request in writing for the substitution for the bond of one or more other bonds. The general treasurer, upon payment to him or her for the use of the state of such a sum as he or she deems necessary to cover the actual expense involved and under such regulations and restrictions as he or she may prescribe, is authorized and empowered to accept the bond so presented and to issue and deliver in substitution thereof one or more new bonds of denominations of one thousand dollars ($1,000), five thousand dollars ($5,000), ten thousand dollars ($10,000), or fifty thousand dollars ($50,000); provided, that the aggregate face value of the new bonds shall not exceed the face value of the bond so presented; provided, further, that if the new bonds bear coupons, the coupons shall cover only future interest payments. The new bonds shall in all substantial respect (except the denomination thereof) be similar to the bond so presented as to the date of maturity, interest rate, and dates of interest payments; and every new bond so issued in substitution shall be as valid for all purposes as the bond so presented for substitution, notwithstanding the fact that the number thereof or the signatures thereon or the denomination thereof may be different from the bond so presented for substitution. In every case the general treasurer shall mutilate the bond so presented for substitution and shall make a record of the date, number, and amount thereof, and of the date, number, and amount of every new bond issued in substitution. Thereafter the mutilated bond shall be kept in the files of the general treasurer or may be destroyed in the same manner as provided in § 35-8-2. Every new bond issued in substitution shall be signed by the general treasurer and by the secretary of state.History of Section.G.L. 1938, ch. 107, § 15; P.L. 1940, ch. 883, § 1; P.L. 1944, ch. 1521, § 1; G.L. 1956, § 35-8-19.
RI Gen L § 35-8-20 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-20 - Minibonds.

§ 35-8-20. Minibonds.Notwithstanding any provision of general or public law to the contrary, whenever the general treasurer is authorized by any general or public law to issue and sell bonds of the state, he or she may determine, with the approval of the governor, to issue and sell all or a portion of the bonds in denominations of one hundred dollars ($100), five hundred dollars ($500), one thousand dollars ($1,000), or any multiple of one thousand dollars ($1,000). Bonds issued in denominations of one hundred dollars ($100), five hundred dollars ($500), or one thousand dollars ($1,000) are hereinafter called "minibonds". The general treasurer may issue and sell minibonds at public or private sale at par or at a discount, maturing in such amounts and upon such dates, bearing interest at such rate or rates, payable as to both principal and interest at such time or times and in such manner, in bearer or registered form, and upon such other terms and conditions, all as the general treasurer, with the approval of the governor, shall determine to be in the best interest of the state. Each minibond may, at the determination of the general treasurer, also provide that it shall be redeemed by the state at the option of the holder or registered owner upon due presentment on any business day at least one month from its date at such price and on such terms as the general treasurer shall fix, with the approval of the governor, at the time of issue of the minibonds; provided, that if so determined and provided:(1) Not more than ten percent (10%) of the face amount originally authorized shall be sold by the general treasurer in any one fiscal year;(2) No minibond shall mature more than five (5) years after its date; and(3) No one sale to a single purchaser of minibonds shall be in an aggregate face amount greater than five thousand dollars ($5,000).History of Section.P.L. 1979, ch. 281, § 1; P.L. 1987, ch. 177, § 1.
RI Gen L § 35-8-21 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-21 - Consolidation of bond issues.

§ 35-8-21. Consolidation of bond issues.Bonds or notes issued pursuant to two (2) or more bond or note authorization acts may be consolidated for the purpose of sale and issued, sold, printed, and delivered as a single bond or note issue despite the requirement of any bond or note authorization act requiring or designating a particular total for bonds or notes issued pursuant to that act. Notwithstanding any requirement of the authorization act that bonds or notes issued thereunder shall bear any particular designation, bonds or notes consolidated pursuant to this section shall be designated on their face "Consolidated Capital Development Loan of", followed by the year of issue and the series thereof in that year, or shall bear such other designation on their face as the general treasurer shall deem appropriate. Notwithstanding the provisions of this section, the general treasurer shall separately account for the bonds or notes issued under the proceeds received from bond or note sales under the particular authorizing act.History of Section.P.L. 1985, ch. 302, § 1.
RI Gen L § 35-8-22 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-22 - Rebate to federal government.

§ 35-8-22. Rebate to federal government.Notwithstanding any contrary provision of general or special law, the state and its agencies may rebate to the United States treasury any income from investments (including gains from the disposition of investments) of proceeds of bonds or notes to the extent deemed necessary to exempt (in whole or in part) the interest paid on the bonds or notes from federal income taxation.History of Section.P.L. 1986, ch. 110, § 5.
RI Gen L § 35-8-23 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-23 - Repealed.

§ 35-8-23. Repealed.History of Section.P.L. 1986, ch. 110, § 5; Repealed by P.L. 1990, ch. 492, § 8, effective July 12, 1990.
RI Gen L § 35-8-24 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-24 - Bonds to be eligible for Rhode Island savings bond program.

§ 35-8-24. Bonds to be eligible for Rhode Island savings bond program.Unless otherwise provided therein, public laws which authorize the state to issue its general obligation bonds are "general obligation bond acts" as that term is defined in § 35-15-2(2).History of Section.P.L. 1988, ch. 426, § 5; P.L. 1990, ch. 54, § 3.
RI Gen L § 35-8-25 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-25 - Extinguishment of authorized but unissued debt.

§ 35-8-25. Extinguishment of authorized but unissued debt.(a) Any special act of the state which:(1) Authorizes the issuance of general obligation bonds or notes of the state;(2) Has a balance which remains unissued; and(3) Is seven (7) years or older;shall become invalid, but only as to that portion which remains unissued. The seven (7) year period shall be measured form the date the debt authorization was approved by the vote of the people.(b) Notwithstanding subsection (a) of this section, the general assembly by special act may extend any authorization for a period of one to five (5) years, upon a petition of the department of administration. The extension may be granted one or more times.(c) Upon certification by the general treasurer to the governor, debt authorizations described in subsection (a) of this section and not extended under the provisions of subsection (b) of this section shall no longer be deemed or be counted toward the authorized but unissued debt of the state. No petition under subsection (b) of this section may be made with respect to any authorization the expiration of which has been so certified.(d) Upon the disbursement of sinking funds to replace the unissued general obligation debt authorization, the replaced unissued general obligation debt authorization shall be extinguished in the amount equal to the disbursement from the sinking fund.History of Section.P.L. 1988, ch. 438, § 1; P.L. 2000, ch. 55, art. 3, § 1.
RI Gen L § 35-8-27 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-8 - Bonded Indebtedness of State|Section 35-8-27 - Variable rate obligations and interest rate exchange agreements.

§ 35-8-27. Variable rate obligations and interest rate exchange agreements.(a) In connection with the issuance of duly authorized bonds or notes of the state, notwithstanding any other authority to the contrary, such bonds or notes may be issued in the form of variable rate obligations, so-called. In connection therewith, the state, acting through the general treasurer, may enter into agreements with banks, trust companies or other financial institutions within or without the state, whether in the form of letters or lines of credit, liquidity facilities, insurance or other support arrangements. Any debt issued as variable rate obligations shall bear such terms as the general treasurer shall determine, including provisions for prepayment at any time with or without premium at the option of the state, may be sold at a premium or discount, and may bear interest or not and if interest bearing, may bear interest at such rate or rates variable from time to time as determined by such index, banking loan rate or other method specified in any such agreement. Any such agreement may also include such other covenants and provisions for protecting the rights, security and remedy of the lenders as may, in the discretion of the general treasurer, be reasonable and proper and not in violation of law. The general treasurer may also enter into agreements with brokers for the placement or marketing of any such debt or notes of the state issued as variable rate obligations.(b) In addition, the general treasurer, with the approval of the governor, may from time to time, enter into and amend interest rate exchange agreements including, but not limited to, interest rate "caps", "floors", "collars", or "swaps" that the general treasurer determines to be necessary or desirable for the purpose of generating savings, managing an interest rate, or similar risk that arises in connection with, or subsequent to or is incidental to the issuance, carrying or securing of variable rate obligations, fixed rate bonds or fixed rate obligations. Such interest rate exchange agreements entered into by the state shall contain such provisions, including payment, term, security, default and remedy provisions, and shall be with such parties, as the general treasurer shall determine to be necessary or desirable after due consideration to the creditworthiness of those parties.History of Section.P.L. 1997, ch. 23, § 1; P.L. 2001, ch. 162, § 1; P.L. 2011, ch. 363, § 23.