Section 42-64-24. – State’s right to require redemption of bonds.
§ 42-64-24. State’s right to require redemption of bonds. Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds, the state may, upon furnishing sufficient funds, require the corporation to redeem, prior to maturity, as a whole, any issue of […]
Section 42-64-25. – Remedies of bondholders and note-holders.
§ 42-64-25. Remedies of bondholders and note-holders. (a) In the event that the Rhode Island commerce corporation shall default in 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 […]
Section 42-64-26. – Authorization to accept appropriated moneys.
§ 42-64-26. Authorization to accept appropriated moneys. The Rhode Island commerce corporation is authorized to accept any moneys as 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 […]
Section 42-64-27. – Assistance by state officers, departments, boards and commission.
§ 42-64-27. Assistance by state officers, departments, boards and commission. (a) All state agencies may render any services to the Rhode Island commerce corporation within their respective functions as may be requested by the corporation. (b) Upon request of the corporation, any state agency is authorized and empowered to transfer to the corporation any officers […]
Section 42-64-28. – Annual financial reports and performance report.
§ 42-64-28. Annual financial reports and performance report. (a) The board shall approve and the Rhode Island commerce corporation shall submit to the governor, the president of the senate, the speaker of the house of representatives, and the secretary of state, within eleven (11) months after the close of its fiscal year, complete and detailed […]
Section 42-64-29. – Inventory of development sites.
§ 42-64-29. Inventory of development sites. (a) The Rhode Island commerce corporation, in coordination with the statewide planning program, shall maintain an inventory of potential sites for development and act as a clearinghouse for investors and businesses that want to expand or locate in Rhode Island. (b) Further, the corporation, in coordination with Rhode Island […]
Section 42-64-30. – Inconsistent provisions.
§ 42-64-30. Inconsistent provisions. 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. History of Section.P.L. 1974, ch. 100, § 14; G.L. 1956, § 42-64-29.
Section 42-64-31. – Other statutes.
§ 42-64-31. Other statutes. Nothing contained in this chapter shall restrict or limit the powers of the Rhode Island commerce corporation arising under any laws of this state except where those powers are expressly contrary to the provisions of this chapter; provided, however, that the corporation shall not have any power to create, empower or […]
Section 42-64-31.1. – Rules and regulations.
§ 42-64-31.1. Rules and regulations. When issuing rules and regulations or any amendments to rules and regulations or when adopting bylaws or amendments to bylaws, the corporation shall be subject to the provisions of chapter 35 of this title (“Administrative Procedures”). History of Section.P.L. 2013, ch. 243, § 5; P.L. 2013, ch. 490, § 5.
Section 42-64-32. – Construction.
§ 42-64-32. Construction. This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes. History of Section.P.L. 1974, ch. 100, § 14; G.L. 1956, § 42-64-31.