§ 46-25-40 - Advances from general fund in anticipation of the issue of notes or bonds. - Rhode-island Statutes

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SECTION 46-25-40

§ 46-25-40 Advances from general fund inanticipation of the issue of notes or bonds. – The general treasurer is authorized, from time to time, with the approval ofthe governor, in the anticipation of the issue of notes or bonds under theauthority of this chapter, to advance to the fund, to be used for the purposesspecified in § 46-25-38, any funds of the state not specifically held forany purpose; provided, however, that all the advances shall be returned to thegeneral fund forthwith upon the receipt by the fund of proceeds from the issueof notes or bonds.

State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-25 > 46-25-40

SECTION 46-25-40

§ 46-25-40 Advances from general fund inanticipation of the issue of notes or bonds. – The general treasurer is authorized, from time to time, with the approval ofthe governor, in the anticipation of the issue of notes or bonds under theauthority of this chapter, to advance to the fund, to be used for the purposesspecified in § 46-25-38, any funds of the state not specifically held forany purpose; provided, however, that all the advances shall be returned to thegeneral fund forthwith upon the receipt by the fund of proceeds from the issueof notes or bonds.

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State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-25 > 46-25-40

SECTION 46-25-40

§ 46-25-40 Advances from general fund inanticipation of the issue of notes or bonds. – The general treasurer is authorized, from time to time, with the approval ofthe governor, in the anticipation of the issue of notes or bonds under theauthority of this chapter, to advance to the fund, to be used for the purposesspecified in § 46-25-38, any funds of the state not specifically held forany purpose; provided, however, that all the advances shall be returned to thegeneral fund forthwith upon the receipt by the fund of proceeds from the issueof notes or bonds.