§ 45-12-17 - Debt previously approved. - Rhode Island Statutes

SECTION 45-12-17

   § 45-12-17  Debt previously approved.– Whenever the provisions of § 45-12-16 operate to repeal a limitation onthe interest rate which may be paid on any issue of bonds or other evidences ofindebtedness approved by the qualified voters of any city, town, or otherpolitical subdivision, no further approval of the issue of bonds or otherevidences of indebtedness by the qualified voters shall be required,notwithstanding any provision of general or special law or charter.