§ 28-37-3 - Investment of surplus funds. - Rhode Island Statutes

SECTION 28-37-3

   § 28-37-3  Investment of surplus funds.– The general treasurer as custodian of this fund is authorized to invest anymoneys not immediately necessary for the execution of the purposes of this fundin the class of securities legal for the investment of public moneys of thisstate; provided, that the investment shall at all times be so made that all theassets of the fund shall always be readily convertible into cash when neededfor disbursements as provided in this chapter.