Section 35-22-3. – Definitions.
§ 35-22-3. Definitions. “Host approval” means an approval by an applicable elected representative of a governmental unit, for purposes of section 147(f)(2)(A)(ii) of the Internal Revenue Code of the United States of America, having jurisdiction over the area in which a facility is located that is to be financed with bonds issued by an issuer […]
Section 35-22-4. – Qualification for facility requiring host approval.
§ 35-22-4. Qualification for facility requiring host approval. (a) Host approval shall not be granted unless and until the governor has received the items and information listed in subsection (b) of this section and has issued an approval as set forth in subsection (c) of this section. (b) The following items and information must be […]
Section 35-22-1. – Short title.
§ 35-22-1. Short title. This act may be cited as the “Private Activity Bond Approval Act.” History of Section.P.L. 2011, ch. 350, § 1; P.L. 2011, ch. 391, § 1.
Section 35-22-2. – Public policy.
§ 35-22-2. Public policy. It is the policy of the State of Rhode Island (the “State”) that in order to maintain an effective system of monitoring the use of federal subsidies within the state, facilities within the state proposed to be financed with bonds issued by an issuer that does not have jurisdiction over the […]