The authority is authorized to accept any money as may be appropriated by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes, or other obligations of the authority.
R.I. Gen. Laws § 16-62-16
Authorization to accept appropriated money
Known as the The Rhode Island Student Loan Authority Act
The act spans §§ 16–16 (22 sections).
P.L. 1981, ch. 44, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.