§ 42-44.1-12 - Amortization. - Rhode-island Statutes

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Statutes > Rhode-island > Title-42 > Chapter-42-44-1 > 42-44-1-12

SECTION 42-44.1-12

§ 42-44.1-12 Amortization. – For the purpose of paying any expenses incurred by the general treasurer in theissuance of the bonds or notes under the authority of this chapter, and anyinterest and any principal becoming payable from time to time on the bonds ornotes issued under the authority of this chapter and then outstanding, thestate controller is hereby authorized and directed to draw his or her ordersupon the general treasurer for the payment of expenses, interest, and principalout of the fund. In the event that the amount available in the fund is notsufficient for this purpose, a sum sufficient is hereby annually appropriatedout of any money in the treasury not otherwise appropriated for the payment ofthe expenses, interest, and principal.

State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-44-1 > 42-44-1-12

SECTION 42-44.1-12

§ 42-44.1-12 Amortization. – For the purpose of paying any expenses incurred by the general treasurer in theissuance of the bonds or notes under the authority of this chapter, and anyinterest and any principal becoming payable from time to time on the bonds ornotes issued under the authority of this chapter and then outstanding, thestate controller is hereby authorized and directed to draw his or her ordersupon the general treasurer for the payment of expenses, interest, and principalout of the fund. In the event that the amount available in the fund is notsufficient for this purpose, a sum sufficient is hereby annually appropriatedout of any money in the treasury not otherwise appropriated for the payment ofthe expenses, interest, and principal.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-44-1 > 42-44-1-12

SECTION 42-44.1-12

§ 42-44.1-12 Amortization. – For the purpose of paying any expenses incurred by the general treasurer in theissuance of the bonds or notes under the authority of this chapter, and anyinterest and any principal becoming payable from time to time on the bonds ornotes issued under the authority of this chapter and then outstanding, thestate controller is hereby authorized and directed to draw his or her ordersupon the general treasurer for the payment of expenses, interest, and principalout of the fund. In the event that the amount available in the fund is notsufficient for this purpose, a sum sufficient is hereby annually appropriatedout of any money in the treasury not otherwise appropriated for the payment ofthe expenses, interest, and principal.