Rhode Island § 45-27-7 - Housing Authority Bonds and Obligations
Full text of Rhode Island Rhode Island General Laws § 45-27-7 — Housing Authority Bonds and Obligations, with citation guidance and answers to common questions.
§ 45-27-7. Housing Authority Bonds and Obligations
R.I. Gen. Laws § 45-27-7
§ 45-27-7. Repurchase of bonds.
The authority has power, out of any funds available therefor, to purchase any bonds issued by it at a price not more than the principal amount of the bonds and the accrued interest; provided, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any revenues available therefor. All bonds so purchased shall be cancelled. This section does not apply to the redemption of bonds.
History of Section.
P.L. 1935, ch. 2255, § 14; G.L. 1938, ch. 344, § 14; G.L. 1956, § 45-27-7; P.L. 2009,
ch. 310, § 59.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 45-27-7
What does Rhode Island General Laws § 45-27-7 cover?
Section 45-27-7 ("Housing Authority Bonds and Obligations") 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 § 45-27-7?
A common citation format is "Rhode Island General Laws § 45-27-7" (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 § 45-27-7 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.