§ 28-39-9 - Custodian of reserve fund. - Rhode-island Statutes

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Statutes > Rhode-island > Title-28 > Chapter-28-39 > 28-39-9

SECTION 28-39-9

§ 28-39-9 Custodian of reserve fund.– The general treasurer shall be custodian of the reserve fund, and shall pay allvouchers duly drawn upon the reserve fund and properly authenticated. He or sheshall have custody of all moneys belonging to the reserve fund and nototherwise held or deposited or invested pursuant to chapters 39 – 41 ofthis title. The general treasurer shall give bond conditioned on the faithfulperformance of his or her duties as custodian of the fund, in a form prescribedby statute and approved by the attorney general, and in an amount specified bythe director and approved by the governor. All premiums upon bonds requiredpursuant to this section when furnished by an authorized surety company or by aduly constituted governmental bonding fund shall be paid by the state fromfunds made available for that purpose by the general assembly.

State Codes and Statutes

Statutes > Rhode-island > Title-28 > Chapter-28-39 > 28-39-9

SECTION 28-39-9

§ 28-39-9 Custodian of reserve fund.– The general treasurer shall be custodian of the reserve fund, and shall pay allvouchers duly drawn upon the reserve fund and properly authenticated. He or sheshall have custody of all moneys belonging to the reserve fund and nototherwise held or deposited or invested pursuant to chapters 39 – 41 ofthis title. The general treasurer shall give bond conditioned on the faithfulperformance of his or her duties as custodian of the fund, in a form prescribedby statute and approved by the attorney general, and in an amount specified bythe director and approved by the governor. All premiums upon bonds requiredpursuant to this section when furnished by an authorized surety company or by aduly constituted governmental bonding fund shall be paid by the state fromfunds made available for that purpose by the general assembly.

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State Codes and Statutes

Statutes > Rhode-island > Title-28 > Chapter-28-39 > 28-39-9

SECTION 28-39-9

§ 28-39-9 Custodian of reserve fund.– The general treasurer shall be custodian of the reserve fund, and shall pay allvouchers duly drawn upon the reserve fund and properly authenticated. He or sheshall have custody of all moneys belonging to the reserve fund and nototherwise held or deposited or invested pursuant to chapters 39 – 41 ofthis title. The general treasurer shall give bond conditioned on the faithfulperformance of his or her duties as custodian of the fund, in a form prescribedby statute and approved by the attorney general, and in an amount specified bythe director and approved by the governor. All premiums upon bonds requiredpursuant to this section when furnished by an authorized surety company or by aduly constituted governmental bonding fund shall be paid by the state fromfunds made available for that purpose by the general assembly.