If the authority shall be dissolved, all funds of the authority, not required for the payment of bonds or other debts of the authority, the disposition of which is not otherwise governed by contracts to which the authority may be party, shall be paid to the general treasurer for the use of the state, and, except as provided in this chapter, all property belonging to the authority shall be vested in the state and delivered to it.
R.I. Gen. Laws § 35-8.1-25
Transfer of authority’s funds and property upon dissolution
Known as the Rhode Island Refunding Bond Authority Act
The act spans §§ 35-8.1-1–35-8.1-9 (35 sections).
P.L. 1987, ch. 12, § 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.