There is a newer version of the Rhode Island General Laws
2013 Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-133 - Tobacco Settlement Financing Corporation Act
Section 42-133-12 - Limited power to incur debt.
RI Gen L § 42-133-12 (2013) What's This?
§ 42-133-12 Limited power to incur debt. – The corporation and the board have no power to incur debt or obligations or in any way to encumber their assets except by the issuance of bonds, including the making of covenants in relation to the issuing of bonds and the incurring of expenses and obligations in connection with such issuance.
History of Section.
(P.L. 2002, ch. 65, art. 8, § 1.)
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