Rhode Island General Laws 35-12-15. Sale of accounts
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Notwithstanding the provisions of any other statute to the contrary, the president of the university is authorized and empowered to sell accounts to the corporation for such consideration and upon such terms and conditions as the president shall approve.
History of Section.
P.L. 1982, ch. 324, § 1.
Terms Used In Rhode Island General Laws 35-12-15
- Accounts: means accounts receivable, representing amounts due or owing to the university from contracts with the federal government or other independent entities for research activities undertaken by the university, the obligation for the payment of which accounts has arisen. See Rhode Island General Laws 35-12-3
- Statute: A law passed by a legislature.
- University: means the university of Rhode Island. See Rhode Island General Laws 35-12-3