Title 46, Title 46 and Navigation

(a) If required by the applicable loan agreement, and notwithstanding any general or special law or municipal charter to the contrary, local governmental obligations shall be issued as limited obligations payable solely from an appropriation of general revenues in an amount not t…

(a) Notwithstanding any general or special law to the contrary, local governmental obligations issued in accordance with this chapter may be secured by one or more trust agreements, including, or in addition to the applicable loan agreement, between the local governmental unit an…

(a) The agency may provide by resolution of the board of directors for the issuance, from time to time, of bonds of the agency for any of its corporate purposes, including those set forth in this chapter and chapter 19.16 of title 23, chapter 18 of title 24, and chapter 26.5 of t…

The agency may issue refunding bonds for the purpose of paying any of its bonds, issued pursuant to this chapter or chapter 24-18, at or prior to maturity or upon acceleration or redemption or purchase and retirement. Refunding bonds may be issued at such times at or prior to the…

Bonds issued by the agency under this chapter or chapter 24-18 and local governmental obligations issued hereunder are hereby made securities in which all public officers and agencies of the state and its political subdivisions, all insurance companies, trust companies in their c…

Except as provided in this section, bonds and local governmental obligations, and non-governmental obligations may be issued under this chapter or chapter 18 of title 24 without obtaining the consent of any executive office, department, division, commission, board, bureau, or age…

Bonds issued by the agency under the provisions of this chapter or chapter 18 of title 24 shall not be deemed to be a debt or a pledge of the faith and credit of the state or of any of its political subdivisions, but shall be payable solely from the revenues, funds, assets, and o…

(a) Notwithstanding any provision of any other law, including the Uniform Commercial Code: (1) Any pledge or assignment of revenues of any kind, funds, loan agreements, local governmental obligations, property, or assets made pursuant to the provisions of this chapter or chapter …

As used in this chapter, unless the context clearly indicates otherwise, the following words and phrases shall have the following meanings: (1) “Agency” means the Rhode Island clean water finance agency, and, effective September 1, 2015, and thereafter, shall mean the Rhode Islan…

Notwithstanding any of the provisions of this chapter, chapter 18 of title 24, or any recitals in any bonds or local governmental obligations issued hereunder, all bonds and local governmental obligations shall be deemed to be investment securities under the Uniform Commercial Co…

All moneys received by the agency pursuant to the provisions of this chapter or chapter 18 of title 24, whether as proceeds from the issue of bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in these chapters.

Bonds issued by the agency and local governmental obligations issued by any local governmental unit in accordance with this chapter or chapter 18 of title 24, their transfer and the income therefrom, including any profit made on the sale thereof, shall, at all times, be exempt fr…

The agency and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the agency shall have bonds outstanding, unless adequate provision has been made for the payment or satisfaction thereof. Upon terminati…

The agency shall, at all times, keep full and accurate accounts of its receipts, expenditures, disbursements, assets, and liabilities which shall be open to inspection by any officer or duly appointed agent of the state.

Within ninety (90) days after the end of each fiscal year, the agency shall submit an annual report to the governor, the speaker of the house of representatives, the president of the senate, and the secretary of state of its activities during that fiscal year. The report shall pr…

The provisions of this chapter and chapter 19.16 of title 23, chapter 18 of title 24, and chapter 26.5 of title 39 shall be deemed to provide an additional, alternative, and complete method for accomplishing the purposes of these chapters, and shall be deemed and construed to be …

The agency shall be subject to the provisions of chapter 35 of title 42.

Notwithstanding anything to the contrary herein, the provisions of this chapter are limited to the extent required by applicable federal law.

The provisions of this chapter are severable, and if any provision hereof shall be held invalid in any circumstances, any invalidity shall not affect any other provisions or circumstances. This chapter shall be construed in all respects so as to meet any constitutional requiremen…

(a) There is hereby created a body politic and corporate and public instrumentality of the state having distinct legal existence from the state and not constituting a department of the state government, to be known as the Rhode Island clean water finance agency, and, effective Se…

(a) The agency shall have all powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, chapter 18 of title 24 and chapter 26.5 of title 39, including without limiting the generality of the foregoing, the powers and duties: (1) To ado…

The agency shall have the power to exercise the powers set forth in § 46-12.2-4 to participate in the following projects and classes of projects that enhance the waters of the state: projects for dewatering dredged material, for beneficial use and disposal of dredged material at …

(a) There is hereby authorized and created within the Rhode Island infrastructure bank an efficient buildings fund for the purpose of providing technical, administrative and financial assistance to local governmental units for energy efficient and renewable energy upgrades to pub…

(a)(1) There is hereby authorized and created within the Rhode Island infrastructure bank a clean energy fund for the purpose of providing technical, administrative, and financial assistance to a local governmental unit, corporation, or person, and for projects that receive techn…

(a) There is hereby authorized and created within the Rhode Island infrastructure bank the resilient rhody infrastructure fund for the purpose of providing technical, administrative, and financial assistance to local governmental units for resiliency and stormwater abatement proj…

(a) An executive director, who shall be a person professionally skilled and experienced in law, finance, or public administration, shall be appointed by the board of directors as chief executive officer of the agency, and shall serve at the pleasure of the board. The executive di…

Internal purchasing procedures of the agency shall follow the principles and policies of state purchasing.

(a) The agency shall be the instrumentality of the state for administration of the water pollution control revolving fund, the Rhode Island water pollution control revolving fund, and the local interest subsidy trust fund, and such other funds it holds or for which it is responsi…

(a) Subject to the provisions of subsection (d) of this section, upon the written request of the agency, the state general treasurer shall pay to the agency, from time to time, from the proceeds of any bonds or notes issued by the state for the purposes of this chapter or funds o…

(a) Any local governmental unit, person or corporation may apply to the agency for financial assistance in accordance with this chapter to finance all or any part of the cost of a water pollution abatement project. The agency shall not award financial assistance to a local govern…

In addition to the financial assistance provided by the agency to local governmental units, persons or corporations for approved projects in accordance with this chapter, the department is hereby authorized to expend funds otherwise available for grants to local governmental unit…