Rhode Island § 45-12-7 - Indebtedness of Towns and Cities
Full text of Rhode Island Rhode Island General Laws § 45-12-7 — Indebtedness of Towns and Cities, with citation guidance and answers to common questions.
§ 45-12-7. Indebtedness of Towns and Cities
R.I. Gen. Laws § 45-12-7
§ 45-12-7. Sinking fund provisions construed as additions to general sinking fund.
Whenever in any general law, public law, act, or resolution of the general assembly, authority has been given to a city or town for the issuance of bonds, and provision has been made for the establishment of a sinking fund to extinguish the debt at its maturity, that provision shall be construed to mean an addition to the general sinking fund of the city or town for the redemption of the bonds of the respective city or town at their maturities as provided in this chapter.
History of Section.
P.L. 1935, ch. 2211, § 1; G.L. 1938, ch. 329, § 20; G.L. 1956, § 45-12-7.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 45-12-7
What does Rhode Island General Laws § 45-12-7 cover?
Section 45-12-7 ("Indebtedness of Towns and Cities") 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 § 45-12-7?
A common citation format is "Rhode Island General Laws § 45-12-7" (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 § 45-12-7 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.