2010 Rhode Island Code
Title 24 Highways
CHAPTER 24-12 Rhode Island Turnpike and Bridge Authority
§ 24-12-32 Eligibility of bonds for investment.
§ 24-12-32 Eligibility of bonds for investment. – Bonds issued by the authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. The bonds are hereby 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 obligations is now or may hereafter be authorized by law.
History of Section.
(P.L. 1954, ch. 3390, § 13; G.L. 1956, § 24-12-32.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
