CHAPTER 45-12
Indebtedness of Towns and Cities
Index Of Sections
§ 45-12-1 Payment of indebtedness.
§ 45-12-2 Maximum aggregate indebtedness.
§ 45-12-2.1 Ministerial approval.
§ 45-12-3 Statements to accompany bills to general assembly to authorize indebtedness.
§ 45-12-4 Borrowing in anticipation of taxes.
§ 45-12-4.1 Borrowing where collection of taxes delayed or taxes refunded.
§ 45-12-4.2 Borrowing in anticipation of federal or state grants.
§ 45-12-4.3 Borrowing in anticipation of water and sewer tax and user charge revenue.
§ 45-12-4.4 Borrowing in payment of certain judgments.
§ 45-12-4.5 Relationship to charters.
§ 45-12-5 Sale of evidences of indebtedness – Annual payments – Terms.
§ 45-12-5.1 Callable bonds.
§ 45-12-5.2 Issuance of refunding bonds to pay outstanding bonds.
§ 45-12-5.3 Debt maturity for United States Department of Agriculture/Rural Development bonds.
§ 45-12-5.4 Cities or towns with a population greater than 125,000 inhabitants – Variable rate obligations and interest exchange agreements.
§ 45-12-5.5 [Repealed.].
§ 45-12-6 Statutory bond authorizations construed as additional authority.
§ 45-12-7 Sinking fund provisions construed as additions to general sinking fund.
§ 45-12-8 Establishment of general sinking fund – Computation of payments to sinking fund.
§ 45-12-9 Retirement of bonds in sinking fund.
§ 45-12-10 [Repealed.].
§ 45-12-11 Authority for issuance of indebtedness excess.
§ 45-12-12 City and town boards to authorize duplicate bonds.
§ 45-12-13 Repair or replacement of damaged bond or note.
§ 45-12-14 Replacement of lost or destroyed bond or note – Bond to indemnify city or town.
§ 45-12-15 Contractual debts unimpaired.
§ 45-12-16 Interest rate.
§ 45-12-17 Debt previously approved.
§ 45-12-18 Bond anticipation notes.
§ 45-12-19 Charter provisions as to referendum.
§ 45-12-20 Issuance of bonds authorized by law approved by electors.
§ 45-12-21 Powers of financial town meeting not affected.
§ 45-12-22 [Repealed.].
§ 45-12-22.1 Municipal deficits – Purpose.
§ 45-12-22.2 Monitoring of financial operations – Corrective action.
§ 45-12-22.3 Year-end deficits.
§ 45-12-22.4 Deficit financing – Approval required.
§ 45-12-22.5 Unbudgeted expenditures.
§ 45-12-22.6 Cooperation of school committees.
§ 45-12-22.7 Enforcement and remedies.
§ 45-12-23 Tax exemption.
§ 45-12-24 [Repealed.].
§ 45-12-25 Sale of bonds or notes at a discount.
§ 45-12-26 Commercial agreements relating to registered bonds and notes.
§ 45-12-27 Conflict between bond referendum provisions and bond expenditure provisions.
§ 45-12-28 Permitted temporary investments for bond proceeds.
§ 45-12-29 Agreements relating to tax and securities compliance rebate to federal government.
§ 45-12-30 Securing of bonds or notes – Trust agreements.
§ 45-12-31 Extinguishment of authorizations.