The general treasurer is authorized to sell to all agencies, authorities, commissions, boards, municipalities, political subdivisions, and other public units of the state, participation units in any such combined investment trust fund. Such participation units are made legal investments for all the funds under the custody of such agencies, authorities, commissions, boards, municipalities, political subdivisions, and other public units of the state.
R.I. Gen. Laws § 35-10.2-8
Participation units
Known as the Rhode Island Local Government Investment Pool Act
The act spans §§ 35–35 (11 sections).
P.L. 2011, ch. 284, § 1; P.L. 2011, ch. 307, § 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.