Rhode Island § 39-18-5 - Rhode Island Public Transit Authority
Full text of Rhode Island Rhode Island General Laws § 39-18-5 — Rhode Island Public Transit Authority, with citation guidance and answers to common questions.
§ 39-18-5. Rhode Island Public Transit Authority
R.I. Gen. Laws § 39-18-5
§ 39-18-5. Credit of state and political subdivisions not pledged.
(a) Bonds issued under the provisions of this chapter shall not be deemed to constitute a debt of the state, or of any political subdivision thereof, or a pledge of the faith and credit of the state, or of any political subdivision. All bonds shall contain, on the face thereof, a statement to the effect that neither the state nor any political subdivision thereof shall be obligated to pay the bonds, or the interest thereon, and that neither the faith and credit nor the taxing power of the state, or of any political subdivision thereof, is pledged to the payment of the principal of or the interest on the bonds.
(b) All expenses incurred in carrying out the provisions of this chapter shall be payable solely from funds provided under the provisions of this chapter, and no liability or obligation shall be incurred by the authority hereunder beyond the extent to which moneys shall have been provided under the provisions of this chapter.
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 § 39-18-5
What does Rhode Island General Laws § 39-18-5 cover?
Section 39-18-5 ("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 § 39-18-5?
A common citation format is "Rhode Island General Laws § 39-18-5" (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 § 39-18-5 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.