TITLE 35
Public Finance
CHAPTER 35-15
Savings Bond Program
SECTION 35-15-2
§ 35-15-2 Definitions.
As used in this chapter:
(1) "College and university savings bond program" shall mean
the program of encouraging enrollment in institutions of higher education by
providing for a method of investment.
(2) "General obligation bond acts" shall mean:
(i) Any future public law which authorizes the state to issue
its general obligation bonds, except those acts that expressly provide that
this chapter shall not apply thereto; and
(ii) The following authorized but unissued bond
authorizations of the state:
(A) Ten million dollars ($10,000,000) for land
acquisition-industrial development under P.L. 1979, ch. 157;
(B) Sixty-four million, seven hundred thousand, dollars
($64,700,000) for the Narragansett Bay water quality management district
commission under P.L. 1980, ch. 342;
(C) One million dollars ($1,000,000) for the purpose of state
water supplies under P.L. 1980, ch. 163;
(D) Four thousand, six hundred, dollars ($4,600) for mental
health, retardation, and hospitals under P.L. 1980, ch. 163;
(E) One million, three hundred ninety thousand, dollars
($1,390,000) for transportation under P.L. 1982, ch. 344, as amended by P.L.
1982, ch. 455;
(F) Two million, one hundred ten thousand, dollars
($2,110,000) for children, youth, and families under P.L. 1982, ch. 344;
(G) Seven million dollars ($7,000,000) for transportation
under P.L. 1983, ch. 332;
(H) Seven million, four hundred thousand, dollars
($7,400,000) for a water facilities assistance program under P.L. 1983, ch. 332;
(I) Three million, four hundred forty thousand, dollars
($3,440,000) for mental health, retardation and hospitals under P.L. 1984, ch.
156;
(J) Five million dollars ($5,000,000) for environmental
response fund-hazardous waste under P.L. 1984, ch. 403;
(K) Two million, two hundred thousand, dollars ($2,200,000)
for higher education under P.L. 1984, ch. 156;
(L) Two million, twenty thousand, dollars ($2,020,000) for
elementary and secondary education under P.L. 1984, ch. 156;
(M) Four million, five hundred fifty-five thousand, dollars
($4,555,000) for sewerage and water supply failure fund under P.L. 1984, ch.
420;
(N) Five million dollars ($5,000,000) for the emergency
telephone system under P.L. 1984, ch. 144;
(O) Five million, five hundred thousand, dollars ($5,500,000)
for state house renovations under P.L. 1985, ch. 367;
(P) Five million dollars ($5,000,000) for handicapped
accessibility improvements under P.L. 1985, ch. 367;
(Q) Sixteen million dollars ($16,000,000) for transportation
under P.L. 1985, ch. 367;
(R) One million, eight hundred fifteen thousand, dollars
($1,815,000) for agricultural land preservation under P.L. 1985, ch. 367;
(S) Nine million, six hundred eighty thousand, dollars
($9,680,000) for mental health, retardation, and hospitals under P.L. 1985, ch.
367;
(T) Sixteen million dollars ($16,000,000) for asbestos
abatement under P.L. 1985, ch. 366;
(U) Seven million, eight hundred twenty thousand, dollars
($7,820,000) for heritage preservation under P.L. 1985, ch. 369;
(V) One million, five hundred thousand, dollars ($1,500,000)
for underground storage tank replacement under P.L. 1985, ch. 486;
(W) Thirty-five million dollars ($35,000,000) for the Clean
Water Act environmental trust fund under P.L. 1986, ch. 289;
(X) Eleven million, six hundred ninety thousand, dollars
($11,690,000) for mental health, retardation, and hospitals under P.L. 1986,
ch. 419;
(Y) Fifty-five million, four hundred ninety thousand, dollars
($55,490,000) for transportation under P.L. 1986, ch. 419;
(Z) Thirteen million, six hundred thousand, dollars
($13,600,000) for water resources under P.L. 1986, ch. 419;
(AA) Fifteen million, twenty-five thousand, dollars
($15,025,000) for environmental management under P.L. 1986, ch. 419;
(BB) One million, five hundred eighty thousand, dollars
($1,580,000) for human services under P.L. 1986, ch. 419;
(CC) Six million, five hundred thousand, dollars ($6,500,000)
for children, youth, and families under P.L. 1986, ch. 419;
(DD) Two million dollars ($2,000,000) for hazardous waste
under P.L. 1986, ch. 419;
(EE) Eight million, seven hundred thousand, dollars
($8,700,000) for higher education facilities under P.L. 1986, ch. 419;
(FF) Sixty-five million, two hundred thousand, dollars
($65,200,000) for open space and recreational areas under P.L. 1987, ch. 425;
and
(GG) Twelve million, twenty-five thousand, dollars
($12,025,000) for Blackstone Valley district commission P.L. 1986, ch. 289;
(3) "Housing assistance downpayment savings bond program"
shall mean the program of enhancing the ability of residents of the state to
purchase residential dwellings within the state by providing for a method of
savings and investment.
(4) "Institution of higher education" shall mean an
educational institution situated within or without this state which by virtue
of law or charter is a public or other nonprofit educational institution
empowered to provide a program of education beyond the high school level and
which is accredited by a nationally recognized educational accrediting agency
or association and awards an associate's, bachelor's, or advance degree or
provides a program of not less than two (2) years' duration which is acceptable
for full credit toward a bachelor's degree.
(5) "Rhode Island savings bonds" shall mean general
obligation bonds of the state which are:
(i) Designated as general obligation savings bonds by the
governor and the general treasurer; and
(ii) Are issued under the provisions of the "general
obligation and bonds acts", as that term is defined in paragraph (2).
(6) "State" shall mean the state of Rhode Island and
Providence Plantations.
(7) "State of Rhode Island savings plan advisory board" or
"advisory board" shall mean the board created and established in § 35-15-3.
History of Section.
(P.L. 1988, ch. 426, § 1; P.L. 1990, ch. 54, § 1.)
