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Current as of January 01, 2024 | Updated by Findlaw Staff
All moneys in the fund, not immediately required for payment pursuant to the provisions of this chapter, may be invested by the state investment commission, as established by chapter 10 of title 35, pursuant to the provisions of that chapter; provided, however, that the securities in which the fund is invested shall remain a part of the funds, as shall other securities for which the funds may from time to time, pursuant to that chapter, be exchanged, and provided, further, that the income from the investment shall become part of the fund, and shall be used to the extent possible to pay debt service costs.
Cite this article: FindLaw.com - Rhode Island General Laws Title 46. Waters and Navigation § 46-25-43. Investment of receipt pending expenditures - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-46-waters-and-navigation/ri-gen-laws-sect-46-25-43/
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