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RHODE ISLAND STATUTES AND CODES
§ 45-12-22.4 - Deficit financing – Approval required.
SECTION 45-12-22.4
§ 45-12-22.4 Deficit financing –Approval required. – No municipality shall sell a long-term bond in order to fund a deficit withoutprior approval by the state auditor general and director of the statedepartment of revenue.
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