Public Finance

Bonded Indebtedness of State

SECTION 35-8-12

§ 35-8-12. Annual deficit payments to sinking fund commission.

Annually, within five (5) days after the fifteenth of June in each fiscal year, the sinking fund commission shall certify in writing to the controller the sum necessary to offset any deficit then existing in the sinking fund and thereupon, on or before the last business day of the fiscal year, it shall be the duty of the controller to draw his or her order upon the general treasurer, directing the treasurer to transfer that sum from the general fund to the sinking fund.

History of Section.
(G.L. 1938, ch. 107, § 11; P.L. 1940, ch. 882, § 1; G.L. 1956, § 35-8-12.)