Bonds and mortgages of an authority are declared to be issued for a public purpose and to be public instrumentalities, and together with interest, are exempt from tax.
R.I. Gen. Laws § 45-25-29
Bonds and mortgages tax exempt
P.L. 1935, ch. 2255, § 25; G.L. 1938, ch. 344, § 25; G.L. 1956, § 45-25-29.
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.