Current as of January 01, 2019 | Updated by FindLaw Staff
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The governing body of a home rule county may issue negotiable coupon bonds, to be denominated funding bonds, for the purpose of funding any of the legal floating indebtedness of the county, whether such indebtedness is existing on or is created on or after June 8, 1981. The specific indebtedness to be funded and the amount of such funding bonds to be issued under the provisions of this part 6 shall first be determined by the governing body and a certificate of such determination shall be made and entered in and upon the records of the county prior to the issuance of said funding bonds. Nothing in this part 6 shall be construed to repeal or amend any law limiting the indebtedness of the county.
Cite this article: FindLaw.com - Rhode Island General Laws Title 10. Courts and Civil Procedure--Procedure in Particular Actions § 10-17-13. Determination as to whether trustee is chargeable - last updated January 01, 2019 | https://codes.findlaw.com/ri/title-10-courts-and-civil-procedure-procedure-in-particular-actions/ri-gen-laws-sect-10-17-13/
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