State Codes and Statutes
Statutes > Rhode-island > Title-39 > Chapter-39-3 > 39-3-18SECTION 39-3-18
§ 39-3-18 Order of division as to securityissue. – The order of the division shall fix the amount, character, and terms of anyissue, and the purposes to which the issue or any proceeds thereof shall beapplied and recite that the money, property, consideration, or labor procuredor to be procured or paid for by the issue has been, or is reasonably requiredfor the purposes specified in the order, and the value of any property,consideration, or service as the case may be, as found by the division, forwhich, in whole or in part, the issue is proposed to be made. No public utilityshall, without the consent of the division, apply any issue or its proceeds toany purpose not specified in the order.
