Title 45, Title 45 and Cities

Bonds and notes issued under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies in their commercial departments, savings banks, cooperative banks, banki…

Notwithstanding any of the provisions of this chapter or any recitals in any bond or notes issued under this chapter, all bonds and notes are deemed to be investment securities under the Uniform Commercial Code, §§ 6A-1-101 — 6A-9-507.

The bonds and notes issued under this chapter, their transfer and their income, including any profit made on their sale, are at all times free from taxation within the state.

No later than September 1 of each year a project plan pursuant to this chapter is in effect in a city or town, the city or town shall make a report to the director of the department of economic development. The annual report shall review for the preceding fiscal year the activiti…

The preceding provisions of this chapter are deemed to provide an additional and alternative means for the doing of things authorized by it, and are regarded as supplemental and additional to, and not in derogation of, powers conferred upon cities and towns by other laws.

It is found and declared that for the public health, safety, morals, and welfare of the people of the state generally, the increase of their commerce, welfare, and prosperity and the improvement of their housing, employment and educational opportunities and general living conditi…

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

(a) Except as provided below, a tax increment shall be included in the calculation of the maximum tax a city or town may levy pursuant to the provisions of § 44-5-2. (b) To the extent that inclusion of a tax increment in a tax levy causes a municipality to exceed the maximum tax …

Section 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28 are intended to modernize the laws of the state governing tax increment financing to facilitate economic development in the state. Section 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28 shall be construed to provide a com…

(a) A city or town council may establish a tax increment district located wholly within the boundaries of such city or town in accordance with the requirements of § 45-33.2-3.1 and §§ 45-33.2-22 through 45-33.2-28. Establishment of a tax increment district is effective upon appro…

Prior to the establishment of a tax increment district and approval of a tax increment district master plan for such tax increment district, a city or town council shall: (1) Find that the proposed tax increment district and tax increment district master plan will contribute to t…

(a) In connection with the establishment of a tax increment district, a city or town council shall adopt a tax increment district master plan for each tax increment district and a statement of the percentage or stated sum of increased assessed value to be designated as captured a…

(a) In the tax increment district master plan, a city or town may designate all or part of the tax increment revenues generated from the increased assessed value of a tax increment district for the purpose of financing all or part of the tax increment district master plan. The am…

Costs authorized for payment from a tax increment district master plan fund established pursuant to § 45-33.2-27 are limited to: (1) Costs of improvements made within the tax increment district, including, but not limited to: (i) Capital costs, including, but not limited to: (A) …

The state pledges to and agrees with any person, firm, or corporation, or federal agency subscribing to or acquiring the bonds to be issued under this chapter, that the state will not limit or alter the rights vested in the authority until all bonds at any time issued, together w…

As used in §§ 45-33.2-3 through 45-33.2-21 in this chapter, excepting § 45-33.2-3.1, or as otherwise specified with respect to other sections, unless a different meaning clearly appears from the context, the following words have the following meanings: (1) “Base date” means the l…

As used in §§ 45-33.2-22 through 45-33.2-28, or as otherwise specified, unless the context otherwise requires: (1) “Betterment assessment” means a special charge that is permitted where real property within a limited and determinable area receives a special benefit or advantage, …

The legislative body of any city or town may adopt a project plan if a finding is made to the effect that: (1) With respect to any portion of the project: (i) providing municipal or other public facilities or land therefor, under the definition of “project” under § 45-33.2-3(3)(i…

Cities and towns are authorized to undertake projects pursuant to duly adopted project plans and tax increment district master plans, as defined in § 45-33.2-3.1(13). In addition to powers granted under this section or by any other law, for the purposes of carrying out a project …

(a) A city or town may, in compliance with any applicable provisions of the general laws (except as provided in this section) borrow money by the issue of special obligation bonds for the purpose of carrying out a project pursuant to a duly adopted project plan or tax increment d…

(a) In the discretion of the officers authorized to sell the bonds, but subject to the provisions of the vote authorizing the bonds, bonds issued under this chapter may be secured by one or more trust agreements between the city or town and a corporate trustee or trustees, which …

(a) Notwithstanding any provision of any other law, including the Uniform Commercial Code, §§ 6A-1-101 — 6A-9-507: (1) Any pledge under this chapter is valid and binding, and deemed continuously perfected from the time it is made; (2) No filing need be made under the Uniform Comm…

In anticipation of the issue of bonds under this chapter, and subject to any provisions of the vote authorizing the bonds, the officers authorized to sell the bonds may, without further authorization, issue temporary notes. The notes may be secured as in the case of bonds and, ex…

Any housing authority created under chapter 25 or 26 of this title, and any redevelopment agency created under chapter 31 of this title, is authorized to make loans as provided in this chapter to any one or more persons, partnerships, or corporations for the purpose of financing …

Loans made by a housing authority or redevelopment agency pursuant to this chapter may be secured or unsecured, and may be in an amount, payable on a date or dates, bear interest at a rate or rates, and otherwise have terms and conditions relating to the loans, and to the lower i…

(a) Any housing authority or redevelopment agency has power to issue bonds from time to time in its discretion for the purpose of funding any loan made under this chapter, or for the purpose of refunding, paying, or retiring bonds previously issued by it for that purpose. (b) The…

The authorization and enpowerments provided by this chapter are in addition and supplemental to the powers conferred by any other law, and nothing contained in this chapter shall be construed as limiting any other powers of a housing authority or redevelopment agency.

For purposes of this chapter, the following terms shall have the meanings ascribed to them herein: (1) “Agency” means the Pawtucket redevelopment agency, established in accordance with chapter 31 of this title. (2) “Arts district” means the economic development zone designated as…

(a) The state, acting by and through the department of revenue, is authorized to enter into an economic activity taxes agreement with the agency and the city for the purposes of financing projects, bonding costs, including capitalized interest, debt service reserves, and costs of…

(a) The general assembly encourages: (1) The use of green and sustainable building materials, techniques, and standards, including those enacted by the general assembly in the Rhode Island green buildings act, chapter 24 of title 37; and (2) The use of highly efficient energy sys…

If any provision of this chapter or the application thereof to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of this chapter, which can be given effect without the invalid provision or application, and to this end th…

The purpose of this chapter is to provide a voluntary mechanism for cities and towns to use to dedicate a park, or other conservation land that it owns, as public trust land in perpetuity in order to ensure preservation of the natural environment and public access to the land for…

Pursuant to the proper delegation of powers vested in the general assembly by R.I. Const., Art. I, § 17, cities and towns may formally dedicate any property they hold that was donated to the city or town, or acquired by the city or town for use as a park or for other conservation…

Cities and towns may formally dedicate any property they hold for use as a park or for other conservation purposes as a public trust land, to be perpetually protected from conversion to a use other than the use for which it was originally obtained and development that is inconsis…

Once a city or town dedicates property it holds as a public trust land, the land shall be perpetually protected from conversion to a use other than the use for which it was originally obtained and development that is inconsistent with its primary purpose as a recreation, open spa…

It is declared that there is a need for the further development of industrial and recreational facilities within the state, a need to induce, encourage, and facilitate industrial development by the expansion of railroad transportation facilities and otherwise, and there is a need…

Bonds and notes issued by the corporation under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, credit unions, building and loan associations, trust companies, banki…

Within four (4) months after the close of each fiscal year of the corporation, it shall make a report to the governor of its activities for the preceding fiscal year, and the report shall disclose a complete operating and financial statement covering the corporation’s operations …

Except for any obligations secured by mortgages which are insured by the Rhode Island industrial recreational building authority, the state is not liable for the payment of the principal of or interest on any bonds or notes of the corporation, or for the performance of any pledge…

Notwithstanding any other provision of this chapter, the corporation is not empowered to undertake any project authorized by this chapter unless, prior to the issuance of any bonds under this chapter, it finds that: (1) The acquisition and construction of the project will elimina…

The corporation does not have the power to operate any project owned by it as a business or in any other manner, except as the lessor of a project.

The state of Rhode Island does hereby pledge to and agree with the holders of any bonds or notes issued under this chapter, and with those parties who may enter into contracts with the corporation pursuant to the provisions of this chapter, that the state will not limit or alter …

For purposes of chapter 34 of title 42, it is hereby found and declared that the corporation is a “local development corporation” within the meaning of § 42-34-6.

Neither this chapter nor anything contained in this section shall be construed as a restriction or limitation upon any powers which the Rhode Island industrial facilities corporation might otherwise have under any laws of this state, but shall be construed as cumulative of those …

This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effect its purposes.

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