§ 23-19.1-32 - Amortization. - Rhode Island Statutes

SECTION 23-19.1-32

   § 23-19.1-32  Amortization. – For the purpose of paying any expenses incurred by the general treasurer in theissuance of the bonds or notes under the authority of this chapter and anyinterest and any principal becoming payable on the bonds or notes issued underthe authority of this chapter and then outstanding, the state controller isauthorized and directed to draw his or her orders upon the general treasurerfor the payment of the expenses, interest, and principal out of the fund. Inthe event that the amount available in the fund is not sufficient for thispurpose, a sum sufficient is annually appropriated out of any money in thetreasury not otherwise appropriated for the payment of the expenses, interest,and principal.