RI taxpayers actually on the hook for $112.6M with 38 Studios
RI taxpayers actually on the hook for $112.6M with 38 Studios


Because the EDC technically sold moral obligation bonds, the governor is required to ask the General Assembly to appropriate money to repay the bondholders if 38 Studios cant pay up but the lawmakers are not required to pony up the money. Its assumed they probably wouldnt default, however.
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