Rhode Island § 42-82-12 - Farmland Preservation Act
Full text of Rhode Island Rhode Island General Laws § 42-82-12 — Farmland Preservation Act, with citation guidance and answers to common questions.
§ 42-82-12. Farmland Preservation Act
R.I. Gen. Laws § 42-82-12
§ 42-82-12. Terms and conditions of sales — Applications of premiums and accrued interest — Validity not affected by change in office.
(a) Any bond or note issued under the authority of this chapter shall be sold from time to time at not less than the principal amount of the bond or note on any terms and conditions as the general treasurer, with the approval of the governor, shall deem to be for the best interest of the state. The purchaser of any bond or note shall pay accrued interest to the date of delivery of the bond or note.
(b) Any premium or accrued interest which may be received as the result of the sale of the bonds or notes shall be applied to the payment of debt service costs.
(c) Any bonds or notes issued under the provisions of this chapter and coupons on any bonds, if properly executed by the manual or facsimile signature, as the case may be, of officers of the state in office on the date of execution shall be valid and binding according to their tenor, notwithstanding that before the delivery of bonds, notes or coupons and payment for these, any or all officers shall for any reason have ceased to hold office.
History of Section.
P.L. 1981, ch. 299, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 42-82-12
What does Rhode Island General Laws § 42-82-12 cover?
Section 42-82-12 ("Farmland Preservation Act") 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 § 42-82-12?
A common citation format is "Rhode Island General Laws § 42-82-12" (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 § 42-82-12 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.