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324 chapters · 2,613 sections in this title.
R.I. Gen. Laws § 42-64.23-1. Short title
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This chapter shall be known as the “First Wave Closing Fund Act.”
R.I. Gen. Laws § 42-64.23-2. Legislative findings
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The general assembly finds and declares: (a) It is hereby found and declared that due to long-term and short-term stagnant or declining economic trends in Rhode Island, businesses in the state have found it difficult to make investments that would stimulate economic activity and …
R.I. Gen. Laws § 42-64.23-3. Definitions
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As used in this chapter: (1) “Affiliate” means an entity that directly or indirectly controls, is under common control with, or is controlled by the business. Control exists in all cases in which the entity is a member of a controlled group of corporations as defined pursuant to …
R.I. Gen. Laws § 42-64.23-4. Establishment of fund — Purposes — Composition
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(a) There is hereby established the first wave closing fund (the “fund”) to be administered by the commerce corporation as set forth in this chapter. (b) The purpose of the fund is to provide lynchpin financing unavailable from other sources, bringing to closure transactions that…
