§ 45-38.1-7. Title to project.
When the principal of and interest on bonds of the corporation issued to finance the cost of a particular project or projects for a participating educational institution, for a participating municipality, or for a participating healthcare provider, including any refunding bonds or notes issued to refund and refinance the bonds or notes, have been fully paid and retired, or when adequate provision has been made to fully pay and retire the bonds or notes, and all other conditions of the resolution or trust agreement authorizing and securing the bonds or notes have been satisfied and the lien of the resolution or trust agreement has been released in accordance with its provisions, the corporation shall promptly do things and execute deeds and conveyances that are necessary and required to convey title to the project or projects to the participating educational institution, the participating municipality, or the participating healthcare provider, free and clear of all liens and encumbrances, all to the extent that title to the project or projects shall not, at the time, then be vested in the participating educational institution, the participating municipality, or the participating healthcare provider.
History of Section.
P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2000,
ch. 184, § 1; P.L. 2022, ch. 227, § 1, effective June 27, 2022; P.L. 2022, ch. 228,
§ 1, effective June 27, 2022; P.L. 2025, ch. 79, § 1, effective June 17, 2025; P.L.
2025, ch. 80, § 1, effective June 17, 2025.