reglab/housing_qa huggingface dataset:
RI Gen L § 35-12-1 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-1 - Short title.

§ 35-12-1. Short title.This chapter shall be known as the "University of Rhode Island Research Corporation Act."History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-2 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-2 - Purpose and findings.

§ 35-12-2. Purpose and findings.The purpose of this chapter is to authorize and implement a system of financial planning which would allow the university of Rhode Island (the "university") to more accurately match revenues and expenditures for externally funded research programs for each fiscal year. The general assembly has found and hereby declares that it is in the public interest to encourage independent research activity at the university and further that it is essential to the financial well being of the state and the university that revenues from externally funded research programs be allocated to the fiscal years in which they accrue and be matched to the expenditures for the programs that are incurred for that fiscal year. The general assembly has further found that under the present system revenues are often received after the close of the fiscal year although the expenditures to which they are matched were incurred prior to the close of the fiscal year, and that, in fact, under certain programs, funds must be expended and then reimbursement sought from the contracting agency at a later date, often after the close of the fiscal year.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-3 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-3 - Definitions.

§ 35-12-3. 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) "Accounts" means accounts receivable, representing amounts due or owing to the university from contracts with the federal government or other independent entities for research activities undertaken by the university, the obligation for the payment of which accounts has arisen.(2) "Corporation" means the governmental agency and public instrumentality authorized, created, and established pursuant to § 35-12-4.(3) "Notes" means the notes, securities, or other obligations or evidences of indebtedness issued by the corporation pursuant to this chapter, all of which shall be issued under the name of or known as obligations of the "university of Rhode Island research corporation".(4) "State" means the state of Rhode Island.(5) "University" means the university of Rhode Island.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-4 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-4 - Creation - Powers - Construction of chapter - Termination.

§ 35-12-4. Creation — Powers — Construction of chapter — Termination.(a) There is hereby 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, to be known as the university of Rhode Island research corporation, with such powers as are set forth in this chapter, for the purposes of purchasing, taking, or acquiring accounts of the university, selling these accounts, and borrowing funds secured by these accounts.(b) It is the intent of the general assembly by the passage of this chapter to vest in the corporation 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 hereby shall be liberally construed in conformity with these purposes.(c) The corporation and its corporate existence shall continue until terminated by law or until the corporation shall cease entirely and continuously to conduct or be involved in any business whatsoever in furtherance of its purposes; provided, that no termination shall take effect so long as the corporation shall have notes or other obligations outstanding, unless adequate provision shall have been made for the payment thereof pursuant to the documents securing the obligations or to that law. Upon termination of the existence of the corporation, all its rights and properties shall pass to and be vested in the university. At no time shall the assets or other property of the corporation inure to the benefit of any person or other corporation or entity.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-5 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-5 - General powers.

§ 35-12-5. General powers.The corporation shall have all the powers necessary and convenient to carry out and effectuate the purposes and provisions of this chapter, including, but not limited to, the power to:(1) Sue and be sued, complain and defend, in its corporate name;(2) Have a seal which may be altered at pleasure, and use the seal by causing it, or a facsimile thereof, to be impressed or affixed or in any other manner reproduced;(3) Purchase, take, receive, or otherwise acquire, own, hold, use, and otherwise deal in and with, intangible personal property, or any interest therein;(4) Sell, convey, pledge, exchange, transfer, and otherwise dispose of all or any part of accounts for such consideration and upon such terms and conditions as the corporation shall determine;(5) Make contracts and incur liabilities, and borrow money at such rates of interest as the corporation may determine;(6) Make and execute all contracts, agreements, and instruments necessary or convenient in the exercise of the powers and functions of the corporation granted by this chapter;(7) Invest and reinvest its funds;(8) Conduct its activities, carry on its operations, and have offices and exercise the powers granted by this chapter;(9) Make and alter by-laws, not inconsistent with this chapter, for the administration and regulation of the affairs of the corporation, and the by-laws may contain provisions indemnifying any person who is or was a director, officer, employee, or agent of the corporation, in the manner and to the extent provided in § 7-1.2-814; and(10) Have and exercise all powers necessary or convenient to effect its purposes.History of Section.P.L. 1982, ch. 324, § 1; P.L. 2005, ch. 36, § 23; P.L. 2005, ch. 72, § 23.
RI Gen L § 35-12-6 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-6 - Additional powers.

§ 35-12-6. Additional powers.In addition to the powers enumerated in § 35-12-5, the corporation shall have power to:(1) Purchase accounts from the university for such consideration and upon such terms and conditions as the corporation shall determine;(2) Pledge purchased accounts as security for any borrowings undertaken by the corporation or sell the accounts for such consideration and on such terms and conditions as the corporation shall determine;(3) Borrow money and issue notes and provide for the rights of the holders thereof, and secure the notes by assignment, pledge, or granting of a security interest in accounts, including, without limitation, all or a part of its interest in accounts for the purpose of providing funds to effectuate its purposes under this chapter; and(4) Create and establish such other fund or funds as may be necessary or desirable for its corporate purposes.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-7 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-7 - Directors and officers.

§ 35-12-7. Directors and officers.(a) The powers of the corporation shall be vested in a board of directors consisting of the following seven (7) members:(1) Chairperson of the board of governors for higher education;(2) Commissioner of higher education;(3) State budget officer;(4) President of the university;(5) Vice president for business and finance of the university;(6) Controller of the university; and(7) Vice president for academic affairs of the university.(b) The directors shall receive no compensation for the performance of their duties.(c) The board of directors shall elect one of its members to serve as chairperson. Four (4) directors shall constitute a quorum and any action to be taken by the corporation under the provisions of this chapter may be authorized by resolution approved by at least four (4) of the directors present and voting at any regular or special meeting at which a quorum is present.(d) In addition to electing a chairperson, the board of directors shall appoint a secretary and such additional officers as they shall deem appropriate.(e) Any action taken by the corporation under the provisions of this chapter may be authorized by vote at any regular or special meeting, and the vote shall take effect immediately.(f) Any action required by this chapter to be taken at a meeting of the board of directors, or any action which may be taken at a meeting of the board of directors, or committee thereof, may be taken without a meeting if a consent in writing, setting forth the action so to be taken, shall be signed before or after that action by all of the directors, or all of the members of the committee, as the case may be.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-9 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-9 - Security for notes.

§ 35-12-9. Security for notes.(a) The principal of and interest on any notes issued by the corporation may be secured by a pledge or assignment of any revenues and receipts of the corporation and may be secured by a security interest or other instrument covering all or any part of one or more accounts acquired by the corporation pursuant to the provisions of this chapter.(b) The resolution under which the notes are authorized to be issued and the security interest or other instrument may contain agreements and provisions respecting the servicing of the loans covered thereby, the fixing and collection of payments or repayments or other revenues therefrom, the creation and maintenance of special funds from these revenues, and the rights and remedies available in the event of default, all as the corporation shall deem advisable.(c) Each pledge, assignment, agreement, security interest, or other instrument made for the benefit or security of any of the notes of the corporation shall continue in effect until the principal of and interest on the notes for the benefit of which the notes was made shall have been fully paid, or until provision shall have been made for payment in the manner provided in the resolution under which the notes were authorized.(d) Any pledge made by the corporation shall be valid and binding from the time it is made. The money, accounts, or property pledged and thereafter received by the corporation 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 otherwise against the corporation, irrespective of whether the parties have notice of the claim. Neither the resolution nor any instrument by which a pledge is created need be recorded.(e) Any resolution under which notes of the corporation are authorized to be issued (and any trust indenture established thereby) may contain provisions for vesting in a trustee or trustees such properties, rights, powers, and duties in trust as the corporation may determine.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-10 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-10 - Trust funds.

§ 35-12-10. Trust funds.All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of 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 notes are authorized. Any officer with whom, or any bank or trust company with which, these money shall be deposited as trustee thereof shall hold and apply the money for the purposes thereof, subject to the applicable provisions of this chapter, the proceedings authorizing the notes, and the trust agreement securing the notes, if any.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-11 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-11 - Exemption from taxation.

§ 35-12-11. Exemption from taxation.The corporation shall not be required to pay state taxes of any kind, and the corporation, and its property and money, shall at all times be free from taxation of every kind by the state.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-12 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-12 - Notes as legal investments.

§ 35-12-12. Notes as legal investments.The notes of the corporation are hereby made securities in which all public officers and bodies of this state and municipalities and municipal subdivisions, 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 whatsoever who are 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. 1982, ch. 324, § 1.
RI Gen L § 35-12-13 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-13 - Agreement of the state.

§ 35-12-13. Agreement of the state.The state does hereby pledge to and agree with the holders of any notes issued under this chapter, that the state will not limit or alter the rights vested in the corporation to fulfill the terms of any agreements made with the holders until these notes, together with the interest thereon, 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 holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of notes.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-14 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-14 - Credit of the state.

§ 35-12-14. Credit of the 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 thereof other than the corporation, or a pledge of the faith and credit of the state or any political subdivision other than the corporation, but shall be payable solely from the revenues or assets of the corporation. Each obligation issued under this chapter shall contain on the face thereof a statement to the effect that the corporation shall not be obligated to pay the obligation or interest thereon except from revenues or assets pledged therefor, and that neither the faith and credit nor the taxing power of the state or any political subdivision thereof other than the corporation is pledged to the payment of the principal of or the interest on the obligation.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-15 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-15 - Sale of accounts.

§ 35-12-15. Sale of accounts.Notwithstanding the provisions of any other statute to the contrary, the president of the university is authorized and empowered to sell accounts to the corporation for such consideration and upon such terms and conditions as the president shall approve.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-16 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-16 - Annual report and audit.

§ 35-12-16. Annual report and audit.The corporation shall submit to the board of governors for higher education, within four (4) months after the close of its fiscal year, a report of its activities for the preceding fiscal year. The report shall set forth a complete operating and financial statement covering the corporation's operations during the preceding fiscal year. The corporation shall cause an independent audit of its books and accounts to be made at least once each fiscal year.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-17 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-17 - Chapter controlling over inconsistent provisions.

§ 35-12-17. 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, the provisions of this chapter shall be controlling.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-18 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-18 - Construction with other statutes.

§ 35-12-18. Construction with other statutes.Nothing in this chapter shall restrict or limit the powers of the corporation 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 this chapter and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all notes and other obligations of the corporation under the provisions of this chapter need not comply with the requirements of any other statute applicable to the issuance of obligations. No proceedings or notice of approval shall be required for the issuance of any notes and other obligations or any instruments of security therefor except as provided in this chapter.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-12-19 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-19 - Liberal construction.

§ 35-12-19. 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. 1982, ch. 324, § 1.
RI Gen L § 35-12-20 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-12 - University of Rhode Island Research Corporation|Section 35-12-20 - Severability.

§ 35-12-20. 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 that judgment shall have been rendered.History of Section.P.L. 1982, ch. 324, § 1.
RI Gen L § 35-13-1 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-13 - Registered Public Obligations|Section 35-13-1 - Short title.

§ 35-13-1. Short title.This chapter may be cited as the "Registered Public Obligations Act."History of Section.P.L. 1983, ch. 267, § 1.
RI Gen L § 35-13-3 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-13 - Registered Public Obligations|Section 35-13-3 - Purpose.

§ 35-13-3. Purpose.(a) The code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered form. It is therefore a matter of state concern that public entities be authorized to provide for the issuance of obligations in registered form. It is a purpose of this chapter to empower all public entities to establish and maintain a system pursuant to which obligations may be issued in registered form within the meaning of the applicable provisions of the code.(b) Obligations have traditionally been issued in bearer rather than in registered form, and a change from bearer to registered form may affect the relationships, rights, and duties of issuers of and the persons that deal with obligations, and by this effect, the costs. These effects will impact the various issuers and varieties of obligations differently depending on their legal and financial characteristics, their markets, and their adaptability to recent and prospective technological and organizational developments. It is therefore a matter of state concern that public entities be provided flexibility in the development of systems of registration and control over system incidents, so as to accommodate these differing impacts. It is a purpose of this chapter to empower the establishment and maintenance, and amendment from time to time, of differing systems of registration of obligations, including system incidents, so as to accommodate the differing impacts upon issuers and varieties of obligations. It is further a purpose of this chapter to authorize systems that will facilitate the prompt and accurate transfer of registered public obligations and the developing of practices with regard to the registration and transfer of registered public obligations.History of Section.P.L. 1983, ch. 267, § 1.
RI Gen L § 35-13-5 (2021)
2021 Rhode Island General Laws|Title 35 - Public Finance|Chapter 35-13 - Registered Public Obligations|Section 35-13-5 - Execution of certificated registered public obligation.

§ 35-13-5. Execution of certificated registered public obligation.(a) A certificated registered public obligation shall be executed by the issuer, by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer.(b) In addition to the signatures referred to in subsection (a), any certificated registered public obligation or any writing relating to an uncertificated registered public obligation may include a certificate or certificates signed by the manual or facsimile signature of an authenticating agent, registrar, transfer agent, or the like.(c) At least one signature of an authorized officer or other person required or permitted to be placed on a certificated registered public obligation shall be a manual signature.History of Section.P.L. 1983, ch. 267, § 1.