§ 46-12.2-23 Duration of agency –
Termination. –
The agency and its corporate existence shall continue until terminated by law;
provided, however, that no such law shall take effect so long as the agency
shall have bonds outstanding, unless adequate provision has been made for the
payment or satisfaction thereof. Upon termination of the agency, the title to
all funds and other properties owned by it, which remain after provision for
the payment or satisfaction of all bonds of the agency, shall vest in the
state. The obligations, debts, and liabilities of the agency shall be assumed
by and imposed upon the state, and shall be transferred to the state general
treasurer or to such other successor as the general assembly may designate.
(P.L. 1989, ch. 303, § 2.)