Opinion to the Governor

Opinion of the justices, requested by the Governor, and relating to interest rates applicable to tax anticipation notes and bond anticipation notes.

August 1, 1969

To His Excellency, Frank Licht

Governor of the State of Rhode Island and Providence Plantations

We have received from Your Excellency a request for our written opinion, in accordance with the provisions of section 2 of article XII of amendments to the constitution of this state, upon two questions which relate to the authority of the cities and towns of the state to issue tax anticipation notes pursuant to the provisions of P. L. 1951,…