§ 16-4-1 - Custody and investment of fund. - Rhode-island Statutes

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Statutes > Rhode-island > Title-16 > Chapter-16-4 > 16-4-1

SECTION 16-4-1

§ 16-4-1 Custody and investment of fund.– The general treasurer with the advice of the governor shall have full power toregulate the custody and safekeeping of the permanent fund for the support ofpublic schools, and, subject to the provisions of chapter 10 of title 35, shallkeep the fund securely invested in bonds or notes of the United States, or inbonds of towns or cities within this state, or certificates of deposit, orcommercial paper, or in other investments authorized by virtue of §35-10-6; provided, that the securities in which the fund is invested may remaina part of the fund until exchanged for other securities.

State Codes and Statutes

Statutes > Rhode-island > Title-16 > Chapter-16-4 > 16-4-1

SECTION 16-4-1

§ 16-4-1 Custody and investment of fund.– The general treasurer with the advice of the governor shall have full power toregulate the custody and safekeeping of the permanent fund for the support ofpublic schools, and, subject to the provisions of chapter 10 of title 35, shallkeep the fund securely invested in bonds or notes of the United States, or inbonds of towns or cities within this state, or certificates of deposit, orcommercial paper, or in other investments authorized by virtue of §35-10-6; provided, that the securities in which the fund is invested may remaina part of the fund until exchanged for other securities.

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State Codes and Statutes

Statutes > Rhode-island > Title-16 > Chapter-16-4 > 16-4-1

SECTION 16-4-1

§ 16-4-1 Custody and investment of fund.– The general treasurer with the advice of the governor shall have full power toregulate the custody and safekeeping of the permanent fund for the support ofpublic schools, and, subject to the provisions of chapter 10 of title 35, shallkeep the fund securely invested in bonds or notes of the United States, or inbonds of towns or cities within this state, or certificates of deposit, orcommercial paper, or in other investments authorized by virtue of §35-10-6; provided, that the securities in which the fund is invested may remaina part of the fund until exchanged for other securities.