Section 42-64.32-1. – Legislative findings.

§ 42-64.32-1. Legislative findings. It is hereby found and declared as follows: (a) The development of additional scheduled air carrier and cargo services (“air service”) to Rhode Island T.F. Green International Airport is essential to improving the overall economic climate of the state, attracting businesses, promoting tourism, and growing jobs. This additional air service is […]

Section 42-64.32-2. – Fund established.

§ 42-64.32-2. Fund established. (a) There is hereby established within the Rhode Island commerce corporation the air service development fund (the “fund”) to be administered by the commerce corporation as set forth in this chapter. The fund shall consist of money appropriated by the general assembly and deposited into the fund, and any other money […]

Section 42-64.32-3. – Air service development council.

§ 42-64.32-3. Air service development council. (a) The Rhode Island commerce corporation shall establish an air service development council (the “council”), that shall have the authority and responsibility for entering into agreements with scheduled air carriers and/or cargo carriers to provide direct financial incentives, revenue guarantees, and/or other support to incentivize air service to Rhode […]

Section 42-64.32-4. – Program integrity.

§ 42-64.32-4. Program integrity. Program integrity being of paramount importance, the Rhode Island commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the purposes of the program. History of […]

Section 42-64.32-5. – Reporting requirements.

§ 42-64.32-5. Reporting requirements. No later than sixty (60) days after the end of the fiscal year, the Rhode Island commerce corporation shall submit an annual report to the governor, the speaker of the house, and the president of the senate detailing any incentives provided for under this chapter and such other information as the […]

Section 42-64.32-6. – Sunset.

§ 42-64.32-6. Sunset. No grants, credits, or incentives shall be authorized or authorized to be reserved pursuant to this chapter after December 31, 2023. History of Section.P.L. 2018, ch. 47, art. 12, § 13; P.L. 2019, ch. 88, art. 12, § 21; P.L. 2020, ch. 80, art. 1, § 33; P.L. 2021, ch. 162, art. […]