State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-82 > 42-82-11

SECTION 42-82-11

§ 42-82-11 Bonds and notes tax exemptgeneral obligation of state. – All bonds and notes issued under the authority of this chapter shall be exemptfrom taxation in the state and shall be general obligations of the state, andthe full faith and credit of the state are hereby pledged for the due paymentof the principal and the interest on each bond and note as the principal andinterest shall become due.

State Codes and Statutes

Statutes > Rhode-island > Title-42 > Chapter-42-82 > 42-82-11

SECTION 42-82-11

§ 42-82-11 Bonds and notes tax exemptgeneral obligation of state. – All bonds and notes issued under the authority of this chapter shall be exemptfrom taxation in the state and shall be general obligations of the state, andthe full faith and credit of the state are hereby pledged for the due paymentof the principal and the interest on each bond and note as the principal andinterest shall become due.