Title 46, Title 46 and Navigation

Pursuant to the provisions of this chapter, the commission is hereby authorized and empowered, with the approval of the governor, to borrow in anticipation of the receipt of user fees or state or federal funds.

(a) Money borrowed by the commission pursuant to § 46-25-50 shall be evidenced by notes. The principal and interest of all notes of the commission issued in anticipation of the receipts of state or federal funds shall be payable no later than the fourth anniversary of the date of…

(a) The principal of and interest on any notes issued by the commission may be secured by a pledge of the general credit of the commission. (b) Any resolution under which notes of the commission are authorized to be used (and any trust indenture established thereby) may contain p…

The commission shall not be required to pay state taxes of any kind, and the commission, its projects, property, and moneys and, except for estate, inheritance, and gift taxes, any notes issued under the provisions of this chapter, and the income (including gain from sale or exch…

The notes of the commission are hereby made securities in which all public officers and bodies of this state, and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on an insurance business, all banks, bankers, trus…

The state does hereby pledge to and agree with the holders of any notes issued under this chapter, that the state will not limit or alter the rights hereby vested in the commission to fulfill the terms of any agreements made with the holders until the notes, together with the int…

Notes issued under the provisions of this chapter shall not constitute a debt, liability, or obligation of the state or of any political subdivision thereof other than the commission, or a pledge of the faith and credit of the state or any political subdivision other than the com…

The executive director, with the approval of the chairperson of the commission and the director of the department of administration, is authorized to sell to a bank or other financial institution the rights of the commission to receive assessment and user fees which are due and p…

(a) The commission shall have the power and is hereby authorized to issue, from time to time, its negotiable revenue bonds and notes in one or more series in such principal amounts as in the opinion of the commission shall be necessary to provide sufficient funds for achieving it…

(a) The principal of and interest on any revenue bonds or revenue notes issued by the commission, may be secured by a pledge of any revenues and receipts of the commission, and may be secured by a mortgage or other instrument covering all or any part of one or more sewage treatme…

(a) The commission shall consist of nineteen (19) members to be appointed in the following manner: ten (10) members shall be appointed by the governor from the public as herein provided. Two (2) members shall be appointed by the mayor of the city of Providence; one member each sh…

To assure the continued operation and solvency of the commission for the carrying out of its corporate purposes: (1) The commission may create and establish one or more special funds (herein referred to as “capital reserve funds”), and may pay into each capital reserve fund: (i) …

All money received pursuant to the issuance of revenue bonds or revenue notes or as revenues, receipts or income, shall be trust funds if such is provided for in the proceedings under which the revenue bonds or revenue notes are authorized. Any officer with whom, or any bank or t…

Revenue bonds and notes of the commission, and the income (including gain from sale or exchange) therefrom, shall at all times be free from taxation of every kind of the state of Rhode Island and the municipalities and all political subdivisions thereof.

The revenue notes and bonds of the commission are hereby made securities in which all public officers, state agencies, public corporations, and bodies of this state, and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons car…

The state of Rhode Island does hereby pledge to and agree with the holders of any revenue bonds or revenue notes issued under §§ 46-25-58 — 46-25-66, that the state will not limit or alter the rights hereby vested in the commission to fulfill the terms of any agreements made with…

Obligations issued under the provisions of §§ 46-25-58 — 46-25-66 shall not constitute a debt, liability, or obligation of the state or of any political subdivision thereof, other than the commission, or a pledge of the faith and credit of the state or any political subdivision, …

(a) In the event that the commission shall default in the payment of principal of or interest on any revenue bonds or revenue notes, issued pursuant to the provisions of §§ 46-25-58 — 46-25-66, after the bonds or notes shall become due, whether at maturity or upon call for redemp…

Nothing herein contained shall restrict or limit the powers of the commission arising under any laws of this state, or any ordinances of any municipality, except if the powers are expressly contrary to the provisions of this chapter. This chapter shall be construed to provide a c…

Insofar as the provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special or local, the provisions of this chapter shall be controlling.

The provisions of this chapter are severable, and if any of its provisions shall be held unconstitutional by any court of competent jurisdiction, the decision of the court shall not affect or impair any of the remaining provisions.

Forthwith, after May 16, 1980, and annually in the month of April thereafter, the commission shall elect one of its members as chairperson, and one of its members as vice chairperson. A simple majority of the members of the commission shall constitute a quorum. No vacancy in the …

(a) The members of the commission shall not be compensated for attendance at any board meeting, but shall be reimbursed for actual expenses incurred in carrying out their duties under this chapter. (b) Notwithstanding the provisions of any other law, no officer or employee of the…

(a) The commission is authorized to accept such moneys as may be appropriated from time to time by the general assembly for the carrying out of its duties hereunder including, without limitation, the payment of the initial expenses of administration and operation; provided, howev…