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Home » US Law » 2022 Rhode Island General Laws » Title 23 - Health and Safety » Chapter 23-19 - Rhode Island Resource Recovery Corporation

Section 23-19-15. – Short term notes.

§ 23-19-15. Short term notes. (a) Money borrowed by the corporation for the purpose of providing temporary financing of a project or projects or combination of projects pending the issuance of bonds or other notes shall be evidenced by notes or other obligations. (b) The principal and interest of all notes or other obligations of […]

Section 23-19-16. – Security for bonds or notes.

§ 23-19-16. Security for bonds or notes. (a) The principal of and interest on any bonds or notes issued by the corporation may be secured by a pledge of any revenues and receipts of the corporation, and may be secured by a mortgage or other instrument covering all or any part of one or more […]

Section 23-19-17. – Capital reserve funds and appropriations.

§ 23-19-17. Capital reserve funds and appropriations. (a) The corporation may create and establish one or more special funds (referred to as “capital reserve funds”) and shall pay into each capital reserve fund: (1) Any money appropriated and made available by the state for the purpose of the fund; (2) Any proceeds of the sale […]

Section 23-19-18. – Trust funds.

§ 23-19-18. Trust funds. All money received pursuant to the authority of this chapter, whether as provided from the sale of bonds or notes or as revenues, receipts, or income, shall be trust funds to be held and applied solely as provided in the proceedings under which the bonds or notes are authorized. Any officer […]

Section 23-19-19. – Remedies of bondholders and noteholders.

§ 23-19-19. Remedies of bondholders and noteholders. (a) In the event that the corporation shall default on the payment of principal of or interest on any bonds or notes issued under this chapter after the bonds or notes shall become due, whether at maturity or upon call for redemption, and the default shall continue for […]

Section 23-19-2. – Legislative findings.

§ 23-19-2. Legislative findings. The general assembly recognizes and declares that: (1) The people of the state desire to promote a clean and wholesome environment; (2) Many municipalities have serious solid-waste management problems and face difficulty in providing adequate services at reasonable costs; (3) Inefficient practices and poor management techniques result in pollution problems and […]

Section 23-19-20. – Pledge of the state.

§ 23-19-20. Pledge of the state. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this chapter and with those parties who may enter into contracts with the corporation, that the state will not limit or alter the rights vested in the corporation to fulfill the […]

Section 23-19-21. – Credit of state not pledged.

§ 23-19-21. Credit of state not pledged. Obligations issued under the provisions of this chapter shall not be deemed to constitute a debt or liability or obligation of the state or of any political subdivision of the state or a pledge of the faith and credit of the state or of any political subdivision, but […]

Section 23-19-22. – Notes and bonds as legal investments.

§ 23-19-22. Notes and bonds as legal investments. The notes and bonds of the corporation shall be legal investments in which all public officers and public bodies of this state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, banking […]

Section 23-19-23. – Repealed.

§ 23-19-23. Repealed. History of Section.P.L. 1974, ch. 176, § 1; P.L. 1978, ch. 305, § 18; G.L. 1956, § 23-46.1-23; P.L. 1979, ch. 39, § 1; G.L. 1956, § 23-19-23; P.L. 1980, ch. 226, §§ 17, 23; P.L. 1982, ch. 414, § 10; P.L. 1983, ch. 233, § 1; P.L. 1989, ch. 542, § […]

Section 23-19-24. – Reporting requirements.

§ 23-19-24. Reporting requirements. (a) The corporation shall, within ninety (90) days after the close of each fiscal year, submit an annual report of its activities for the preceding year to the governor, the speaker of the house of representatives, the president of the senate, the state treasurer, and the secretary of state. The report […]

Section 23-19-25. – Authorization to accept appropriated moneys.

§ 23-19-25. Authorization to accept appropriated moneys. The corporation is authorized to accept any money that may be appropriated from time to time by the general assembly for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation, and the establishment of reserves or contingency funds to be […]

Section 23-19-26. – Tax exemption.

§ 23-19-26. Tax exemption. (a) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state, for their well-being and prosperity and for the improvement of their social and economic conditions, and the corporation shall not be required to pay any tax or […]

Section 23-19-27. – Severability.

§ 23-19-27. Severability. The provisions of this chapter are severable and if any provision or part of any provision shall be held invalid or unconstitutional or inapplicable to any person or circumstances, the invalidity, unconstitutionality, or inapplicability shall not affect or impair the remaining provisions of this chapter. All acts or parts of acts inconsistent […]

Section 23-19-28. – Violations — Sanctions — Injunctive relief.

§ 23-19-28. Violations — Sanctions — Injunctive relief. The attorney general of the state shall have the power to bring an action in the name of the state, and the corporation through its legal counsel shall have the power to bring an action in the name of the corporation in any court of competent jurisdiction […]

Section 23-19-28.1. – Procedures to enforcement.

§ 23-19-28.1. Procedures to enforcement. (a) In any instance wherein there is a violation of its rules and regulations or any order of the corporation, the corporation and the attorney general shall have the power to order the violator to cease and desist, or to remedy the violations, and the corporation may impose administrative penalties. […]

Section 23-19-29. – Liberal construction.

§ 23-19-29. Liberal construction. This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effectuate its purposes. Neither this chapter nor anything in this chapter is or shall be construed as a restriction or limitation upon any powers that the corporation might otherwise have under any laws […]

Section 23-19-3. – Declaration of policy.

§ 23-19-3. Declaration of policy. The following are declared to be policies of the state: (1) That the ultimate solid waste management objective of the state is to maximize recycling and reuse of solid waste; (2) That solid waste management facilities and projects are to be implemented either by the state or under state auspices, […]