Rhode Island § 42-116-11 - Rhode Island Depositors Economic Protection Corporation
Full text of Rhode Island Rhode Island General Laws § 42-116-11 — Rhode Island Depositors Economic Protection Corporation, with citation guidance and answers to common questions.
§ 42-116-11. Rhode Island Depositors Economic Protection Corporation
R.I. Gen. Laws § 42-116-11
§ 42-116-11. Payment of state funds — Agreement between corporation and department.
(a) Subject to the provisions of subsection (b), upon the written request of the corporation, the general treasurer of the state shall pay to the corporation from time to time the proceeds of any bonds or notes issued by the state for the purposes of this chapter, any appropriations of the state made for the benefit of the corporation, or any other funds lawfully payable by the state to the corporation, or any revenues dedicated to corporate purposes.
(b) The executive director of the corporation, with the approval of the board and the governor on behalf of the state, may enter into, execute, and deliver one or more agreements with the corporation setting forth or otherwise determining the terms, conditions and procedures for, and the amount, time, and manner of payment of, all amounts available from the state to the corporation under this section. The agreement or agreements may include any covenants and undertakings of the state and the corporation that the governor and the corporation deem reasonable.
History of Section.
P.L. 1991, ch. 3, § 4.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 42-116-11
What does Rhode Island General Laws § 42-116-11 cover?
Section 42-116-11 ("Rhode Island Depositors Economic Protection Corporation") 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 § 42-116-11?
A common citation format is "Rhode Island General Laws § 42-116-11" (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 § 42-116-11 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.