Rhode Island § 39-18-10 - Rhode Island Public Transit Authority
Full text of Rhode Island Rhode Island General Laws § 39-18-10 — Rhode Island Public Transit Authority, with citation guidance and answers to common questions.
§ 39-18-10. Rhode Island Public Transit Authority
R.I. Gen. Laws § 39-18-10
§ 39-18-10. Trust funds.
All moneys received pursuant to the provisions of this chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. The authority may, in the resolution authorizing the bonds or in the trust agreement securing the bonds, provide for the payment of the proceeds of the sale of the bonds and the revenues to be received to a trustee, which shall be any trust company or bank having the powers of a trust company within or without the state, which shall act as trustee of the bonds and hold and apply the bonds to the purposes of this chapter, subject to this chapter and to regulations as the resolution or trust agreement may provide, or may provide for the funds to be held in a separate account of the authority maintained at any bank within or without the state to be disbursed therefrom on the instructions of such officer or officers of the authority as may be so authorized and empowered by resolution of the authority.
History of Section.
P.L. 1964, ch. 210, § 1; P.L. 1983, ch. 157, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 39-18-10
What does Rhode Island General Laws § 39-18-10 cover?
Section 39-18-10 ("Rhode Island Public Transit Authority") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 39-18-10?
A common citation format is "Rhode Island General Laws § 39-18-10" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 39-18-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.