Rhode Island General Laws 45-33.2-11. Credit of municipality not pledged
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The bonds and notes issued under this chapter are payable solely from project revenues. These bonds and notes shall not at any time be included in the debt of the city or town for the purpose of ascertaining its legal borrowing capacity.
History of Section.
P.L. 1984, ch. 78, § 1.
Terms Used In Rhode Island General Laws 45-33.2-11
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9