Public deposits which are fully insured by federal deposit insurance, subject to deposit insurance limitations, shall not be required to be secured by eligible collateral as provided by this chapter.
R.I. Gen. Laws § 35-10.1-9
Federal deposit insurance
Known as the Rhode Island Collateralization of Public Deposits Act
The act spans §§ 35-10.1-1 to 35-10.1-9 (11 sections).
P.L. 1991, ch. 44, art. 74, § 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.