State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-10-1 > 42-10-1-2

SECTION 42-10.1-2

   § 42-10.1-2  Purpose. – It shall be the purpose and responsibility of the board:

   (1) To advise and assist all state departments, authorities,agencies, boards, commissions, and public and quasi-public corporations havingauthority to issue revenue or general obligation bonds or notes with respect toissuance of and financial planning related to all those bonds and notes;

   (2) Upon request, to advise and/or assist any city or townand any municipal or regional agency, authority, board, commission, or publicor quasi-public corporation having authority to issue revenue or generalobligation bonds or notes with respect to the issuance and financial planningrelated to those bonds and notes;

   (3) To collect, maintain, and provide information on state,municipal and public or quasi-public corporation debt authorization, sold andoutstanding, and serve as a statistical center for all state and municipal debtissues;

   (4) To maintain contact with state municipal and public orquasi-public corporation bond issuers, underwriters, credit rating agencies,investors, and others to improve the market for state and local government debtissues;

   (5) To undertake or commission studies on methods to reducethe costs and improve credit ratings of state and local debt issues;

   (6) To recommend changes in state laws and local practices toimprove the sale and servicing of state and local debts.

State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-10-1 > 42-10-1-2

SECTION 42-10.1-2

   § 42-10.1-2  Purpose. – It shall be the purpose and responsibility of the board:

   (1) To advise and assist all state departments, authorities,agencies, boards, commissions, and public and quasi-public corporations havingauthority to issue revenue or general obligation bonds or notes with respect toissuance of and financial planning related to all those bonds and notes;

   (2) Upon request, to advise and/or assist any city or townand any municipal or regional agency, authority, board, commission, or publicor quasi-public corporation having authority to issue revenue or generalobligation bonds or notes with respect to the issuance and financial planningrelated to those bonds and notes;

   (3) To collect, maintain, and provide information on state,municipal and public or quasi-public corporation debt authorization, sold andoutstanding, and serve as a statistical center for all state and municipal debtissues;

   (4) To maintain contact with state municipal and public orquasi-public corporation bond issuers, underwriters, credit rating agencies,investors, and others to improve the market for state and local government debtissues;

   (5) To undertake or commission studies on methods to reducethe costs and improve credit ratings of state and local debt issues;

   (6) To recommend changes in state laws and local practices toimprove the sale and servicing of state and local debts.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-10-1 > 42-10-1-2

SECTION 42-10.1-2

   § 42-10.1-2  Purpose. – It shall be the purpose and responsibility of the board:

   (1) To advise and assist all state departments, authorities,agencies, boards, commissions, and public and quasi-public corporations havingauthority to issue revenue or general obligation bonds or notes with respect toissuance of and financial planning related to all those bonds and notes;

   (2) Upon request, to advise and/or assist any city or townand any municipal or regional agency, authority, board, commission, or publicor quasi-public corporation having authority to issue revenue or generalobligation bonds or notes with respect to the issuance and financial planningrelated to those bonds and notes;

   (3) To collect, maintain, and provide information on state,municipal and public or quasi-public corporation debt authorization, sold andoutstanding, and serve as a statistical center for all state and municipal debtissues;

   (4) To maintain contact with state municipal and public orquasi-public corporation bond issuers, underwriters, credit rating agencies,investors, and others to improve the market for state and local government debtissues;

   (5) To undertake or commission studies on methods to reducethe costs and improve credit ratings of state and local debt issues;

   (6) To recommend changes in state laws and local practices toimprove the sale and servicing of state and local debts.