§ 35-15-3 Creation and duties of advisoryboard. – (a) The state of Rhode Island savings bond advisory board is hereby created andestablished to perform the duties and exercise the powers listed in thissection. Pursuant to the powers delegated to the department of the treasury,the department shall have the responsibility for supervising, organizing, andevaluating the advisory board and the savings bond program. The advisory boardshall consist of the general treasurer, the commissioner of higher education,the director of administration, and the executive director of the Rhode Islandhousing and mortgage finance corporation or their respective designees, andfour (4) additional members to be appointed as follows: the governor, thelieutenant governor, the president of the senate, and the speaker of the houseof representatives shall each appoint one member. The governor, the lieutenantgovernor, president of the senate, and the speaker of the house ofrepresentatives shall select members on the basis of their knowledge, skill,and experience in the fields of business, education, housing, or finance. Thegeneral treasurer shall serve as chairperson of the advisory board, and theadvisory board shall elect one of its members as vice-chairperson and anotheras secretary-treasurer. The appointed members of the advisory board firstappointed shall serve for terms expiring on June 30, 1991, or until theirsuccessors have been appointed and have qualified. Following thisdetermination, each member shall swear or solemnly affirm to administer theduties of office faithfully and impartially, indicating by date when the termof the member shall expire. Upon the expiration of the term of any appointedmember, the successor member shall be appointed for a term of three (3) yearsor until a successor has been appointed and has qualified. Any vacancy shall befilled in the manner of the original appointment for the remainder of theunexpired term. The members shall receive no compensation for the performanceof their duties, but each member shall be reimbursed for reasonable expensesincurred in carrying out and performing their duties under this chapter.
(b) The advisory board shall have the followingresponsibilities and duties:
(1) To implement the Rhode Island savings bond program;
(2) To the extent permitted by federal and state laws, todevelop and conduct marketing and advertising campaigns for the savings bondsand other instruments;
(3) To make recommendations to the governor, the generaltreasurer, and the budget office regarding the terms and conditions of theoffering of savings bonds, including methods by which the offering may beconducted;
(4) To advise the governor, the general treasurer, and thedepartment of administration regarding minimum denominations, maturity dates,and increments of the savings bonds; and
(5) To make reports to the general assembly annually.
§ 35-15-3 Creation and duties of advisoryboard. – (a) The state of Rhode Island savings bond advisory board is hereby created andestablished to perform the duties and exercise the powers listed in thissection. Pursuant to the powers delegated to the department of the treasury,the department shall have the responsibility for supervising, organizing, andevaluating the advisory board and the savings bond program. The advisory boardshall consist of the general treasurer, the commissioner of higher education,the director of administration, and the executive director of the Rhode Islandhousing and mortgage finance corporation or their respective designees, andfour (4) additional members to be appointed as follows: the governor, thelieutenant governor, the president of the senate, and the speaker of the houseof representatives shall each appoint one member. The governor, the lieutenantgovernor, president of the senate, and the speaker of the house ofrepresentatives shall select members on the basis of their knowledge, skill,and experience in the fields of business, education, housing, or finance. Thegeneral treasurer shall serve as chairperson of the advisory board, and theadvisory board shall elect one of its members as vice-chairperson and anotheras secretary-treasurer. The appointed members of the advisory board firstappointed shall serve for terms expiring on June 30, 1991, or until theirsuccessors have been appointed and have qualified. Following thisdetermination, each member shall swear or solemnly affirm to administer theduties of office faithfully and impartially, indicating by date when the termof the member shall expire. Upon the expiration of the term of any appointedmember, the successor member shall be appointed for a term of three (3) yearsor until a successor has been appointed and has qualified. Any vacancy shall befilled in the manner of the original appointment for the remainder of theunexpired term. The members shall receive no compensation for the performanceof their duties, but each member shall be reimbursed for reasonable expensesincurred in carrying out and performing their duties under this chapter.
(b) The advisory board shall have the followingresponsibilities and duties:
(1) To implement the Rhode Island savings bond program;
(2) To the extent permitted by federal and state laws, todevelop and conduct marketing and advertising campaigns for the savings bondsand other instruments;
(3) To make recommendations to the governor, the generaltreasurer, and the budget office regarding the terms and conditions of theoffering of savings bonds, including methods by which the offering may beconducted;
(4) To advise the governor, the general treasurer, and thedepartment of administration regarding minimum denominations, maturity dates,and increments of the savings bonds; and
(5) To make reports to the general assembly annually.
§ 35-15-3 Creation and duties of advisoryboard. – (a) The state of Rhode Island savings bond advisory board is hereby created andestablished to perform the duties and exercise the powers listed in thissection. Pursuant to the powers delegated to the department of the treasury,the department shall have the responsibility for supervising, organizing, andevaluating the advisory board and the savings bond program. The advisory boardshall consist of the general treasurer, the commissioner of higher education,the director of administration, and the executive director of the Rhode Islandhousing and mortgage finance corporation or their respective designees, andfour (4) additional members to be appointed as follows: the governor, thelieutenant governor, the president of the senate, and the speaker of the houseof representatives shall each appoint one member. The governor, the lieutenantgovernor, president of the senate, and the speaker of the house ofrepresentatives shall select members on the basis of their knowledge, skill,and experience in the fields of business, education, housing, or finance. Thegeneral treasurer shall serve as chairperson of the advisory board, and theadvisory board shall elect one of its members as vice-chairperson and anotheras secretary-treasurer. The appointed members of the advisory board firstappointed shall serve for terms expiring on June 30, 1991, or until theirsuccessors have been appointed and have qualified. Following thisdetermination, each member shall swear or solemnly affirm to administer theduties of office faithfully and impartially, indicating by date when the termof the member shall expire. Upon the expiration of the term of any appointedmember, the successor member shall be appointed for a term of three (3) yearsor until a successor has been appointed and has qualified. Any vacancy shall befilled in the manner of the original appointment for the remainder of theunexpired term. The members shall receive no compensation for the performanceof their duties, but each member shall be reimbursed for reasonable expensesincurred in carrying out and performing their duties under this chapter.
(b) The advisory board shall have the followingresponsibilities and duties:
(1) To implement the Rhode Island savings bond program;
(2) To the extent permitted by federal and state laws, todevelop and conduct marketing and advertising campaigns for the savings bondsand other instruments;
(3) To make recommendations to the governor, the generaltreasurer, and the budget office regarding the terms and conditions of theoffering of savings bonds, including methods by which the offering may beconducted;
(4) To advise the governor, the general treasurer, and thedepartment of administration regarding minimum denominations, maturity dates,and increments of the savings bonds; and
(5) To make reports to the general assembly annually.
