§ 45-12-22.5. Unbudgeted expenditures. A municipality shall not incur expenditures nor obligate the municipality to expend unbudgeted amounts in excess of one hundred thousand dollars ($100,000) without first notifying the city or town council of such proposed expenditure and identifying the source of funding. Further, a school committee or school department shall not incur accumulated […]
§ 45-12-22.6. Cooperation of school committees. School committees, boards, or regional school districts that are independent governmental entities within a municipality shall cooperate in providing to the chief financial officer all information needed to formulate the reports and the deficit elimination plan required under this chapter. The auditor general or the state director of revenue […]
§ 45-12-22.7. Enforcement and remedies. In the event that a municipality does not comply with the requirements of this law the state auditor general or the division of municipal finance through the director of revenue may elect any or all of the following remedies: (1) Petition the superior court for mandatory injunctive relief seeking compliance […]
§ 45-12-23. Tax exemption. The income from any bonds, notes, certificates, or other evidences of indebtedness issued by any city, town, or other political subdivision, under the provisions of this chapter or any other general or special law, shall at all times be free from taxation by the state or any political subdivision or other […]
§ 45-12-24. Repealed.
§ 45-12-25. Sale of bonds or notes at a discount. Notwithstanding any provisions of general or special law enacted prior to January 1, 1982 which require bonds or notes of cities, towns, or other political subdivisions to be sold at not less than par or par and accrued interest, those bonds or notes may be […]
§ 45-12-26. Commercial agreements relating to registered bonds and notes. In connection with the issuance by a city, town, or other political subdivision of this state of original or replacement bonds or notes in registered form, the treasurer of the city, town, or other political subdivision, with the approval of any other officers authorized to […]
§ 45-12-27. Conflict between bond referendum provisions and bond expenditure provisions. Notwithstanding the provisions of any general or special law with respect to the issuance of bonds or the expenditure of money by a city or town which provided that it became effective only upon approval by the majority of electors voting on these provisions, […]
§ 45-12-28. Permitted temporary investments for bond proceeds. Notwithstanding any contrary provision of general or special law, towns and cities may invest proceeds of any bond or note available during the period before those proceeds are needed for the purpose for which the bonds or notes were issued, in investments described in § 35-10-11. A […]
§ 45-12-29. Agreements relating to tax and securities compliance rebate to federal government. Notwithstanding any contrary provision of general or special law, cities, towns and other political subdivisions of this state may enter into agreements to comply with federal tax and securities laws and may rebate to the United States Treasury from available sources, any […]
§ 45-12-3. Statements to accompany bills to general assembly to authorize indebtedness. Whenever any bill is presented to either house of the general assembly to authorize any city or town to issue bonds or other indebtedness, every such bill shall be accompanied by a resolution or ordinance of the city or town council to the […]
§ 45-12-30. Securing of bonds or notes — Trust agreements. (a) Bonds or notes issued by a city or town may be secured in whole or in part by insurance or by letters or lines of credit or other credit facilities. This insurance, letter, or line of credit or credit facility may provide for reimbursement […]
§ 45-12-31. Extinguishment of authorizations. All or any portion of the authority to issue bonds pursuant to a resolution or ordinance passed by a city or town council or pursuant to a special act passed by the general assembly may be extinguished by ordinance of the city or town council, without further action by the […]
§ 45-12-32. Inability to pay interest or principal of bonds, notes or certificates of indebtedness — Notice — Certification to general treasurer — Payment by general treasurer. (a) If it appears to the treasurer or finance director of a city, town or district, including a regional school district, that the city, town or district is, […]
§ 45-12-33. Borrowing for road and bridge, infrastructure, and school building projects. (a)(1) In addition to other authority previously granted, during calendar year 2014 a city or town may authorize the issuance of bonds, notes, or other evidences of indebtedness to evidence loans from the municipal road and bridge revolving fund administered by the Rhode […]
§ 45-12-4. Borrowing in anticipation of taxes. Any city or town by resolution of its city or town council may borrow money in each financial year in anticipation of the receipt of the proceeds of the annual tax due or to become due in that financial year upon the taxable property within the city or […]
§ 45-12-4.1. Borrowing where collection of taxes delayed or taxes refunded. (a) Notwithstanding any provision of § 45-12-4 to the contrary, a city or town by resolution of its city council or town council, may authorize the issue of notes of the city or town in order to pay any outstanding tax anticipation notes or […]
§ 45-12-4.2. Borrowing in anticipation of federal or state grants. A city or town may contract for and accept grants of federal or state aid for any purpose for which it is authorized to appropriate money. A city or town, by resolution of its city council or town council, may authorize the issue of notes […]
§ 45-12-4.3. Borrowing in anticipation of water and sewer tax and user charge revenue. Any city or town, by resolution of its city or town council, may authorize the issuance of notes in any fiscal year in anticipation of the receipt of water and sewer tax and user charge revenues, in a principal amount which, […]
§ 45-12-4.4. Borrowing in payment of certain judgments. (a) A city or town may authorize the issuance of bonds, notes, or other evidences of indebtedness to pay the uninsured portion of any court judgment or settlement, except any court judgment or settlement arising out of any pension obligation of a city or town; provided, however, […]
