Any provisions of general or special law enacted prior to February 21, 1970, which limit the rate of interest to be paid on any bonds or other evidences of indebtedness of a city, town, or other political subdivision are repealed.
R.I. Gen. Laws § 45-12-16
Interest rate
G.L. 1956, § 45-12-16; R.P.L. 1957, ch. 4, § 1; P.L. 1960, ch. 30, § 1; G.L. 1965, § 45-12-16; P.L. 1970, ch. 13, § 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.