§ 24-12-40.E State guaranteed bonds –
General provision. –
All payments made by the authority to the general fund for amounts loaned to
the authority for payments on bond interest paid on state guaranteed bonds,
shall, if requested in writing by the director of administration, be deposited
by the state controller to a restricted receipt account. The moneys and
interest or income earned from their investment shall be used for the payment
of debt service cost (principal and interest) for state general obligation
bonds.
(P.L. 1983, ch. 167, art. XIV, § 1.)