Rhode Island Higher Education Assistance Act [See Title 16 Chapter 97 – The Rhode Island Board of Education Act]

SECTION 16-57-12

§ 16-57-12. Credit of state.

Guaranties made under the provisions of this chapter shall not constitute debts, liabilities, or obligations of the state or of any political subdivision of the state other than the division of higher education assistance or a pledge of the faith and credit of the state or any political subdivision other than the division of higher education assistance, but shall be payable solely from the revenues or assets of reserve funds set forth in § 16-57-10.

History of Section.
(P.L. 1977, ch. 238, § 1; P.L. 2015, ch. 141, art. 7, § 6.)