Title 23, Title 23 and Safety

Notwithstanding any provision of any other law, including the uniform commercial code: (1) Any pledge or assignment of revenues of any kind, funds, property, or assets made pursuant to the provisions of this chapter by the hub shall be valid and binding against all parties having…

The purpose of this chapter shall be to create and lawfully manage the Rhode Island life science hub, a public corporation. The Rhode Island life science hub shall be the central entity and coordinating organization of life science initiatives on behalf of the state and shall: (1…

As used in this chapter, the following words shall have the following meanings: (1) “Affiliate” means any person or company who or that directly or indirectly controls or is controlled by or is under direct or indirect common control of another company or person including, but no…

(a) There is hereby constituted as an independent public a public corporation for the purposes set forth in this chapter with a separate legal existence from the state to be known as the Rhode Island life science hub hereinafter to be referred to as the “hub”. The exercise by the…

The hub shall have the following powers and all powers necessary to carry out and effectuate its purposes, including, without limitation, all powers necessary for the performance of the following: (1) To have perpetual succession as a public corporate body and agency of the state…

(a) There shall be established and placed within the hub, a fund or funds to be known as the Rhode Island life science investment fund, to be held by the hub to finance the operations and initiatives of the hub. The investment fund shall be credited any appropriations, bond proce…

The hub shall submit a report, beginning on or before October 1, 2024, and on October 1 annually thereafter, to the governor, the speaker of the house, and the president of the senate. This report shall include: (1) The hub’s receipts and expenditures during such fiscal year; (2)…

(a) The board shall be responsible for establishing accountability standards, reporting standards, and outcome measurements for all of its expenditures, including all investments and grants. (b) The board and the hub shall comply with provisions of chapter 155 of title 42 (“quasi…

If any section, clause, provision, or portion of this chapter is held to be invalid or unconstitutional by any court of competent jurisdiction, that holding shall not affect any other section, clause, or provision of this chapter which is not in and of itself unconstitutional.