There is hereby created and established a public corporation to be administered by the office of the general treasurer, having a distinct legal existence from the state and not constituting a department of state government, to be known as the "Rhode Island refunding bond authority". The authority is constituted as a public instrumentality to exercise public and essential governmental functions.
History of Section.
P.L. 1987, ch. 12, § 1; P.L. 2006, ch. 319, § 2; P.L. 2006, ch. 444, § 2.