§ 45-33.2-28. Project costs. Costs authorized for payment from a tax increment district master plan fund established pursuant to § 45-33.2-27 are limited to: (1) Costs of improvements made within the tax increment district, including, but not limited to: (i) Capital costs, including, but not limited to: (A) The acquisition or construction of land, improvements, […]
§ 45-33.2-29. Limitation of powers. The state pledges to and agrees with any person, firm, or corporation, or federal agency subscribing to or acquiring the bonds to be issued under this chapter, that the state will not limit or alter the rights vested in the authority until all bonds at any time issued, together with […]
§ 45-33.2-3. Definitions. As used in §§ 45-33.2-3 through 45-33.2-21 in this chapter, excepting § 45-33.2-3.1, or as otherwise specified with respect to other sections, unless a different meaning clearly appears from the context, the following words have the following meanings: (1) “Base date” means the last assessment date next preceding the adoption of the […]
§ 45-33.2-3.1. Additional definitions. As used in §§ 45-33.2-22 through 45-33.2-28, or as otherwise specified, unless the context otherwise requires: (1) “Betterment assessment” means a special charge that is permitted where real property within a limited and determinable area receives a special benefit or advantage, other than the general advantage to the community, from the […]
§ 45-33.2-4. Adoption of project plan. The legislative body of any city or town may adopt a project plan if a finding is made to the effect that: (1) With respect to any portion of the project: (i) providing municipal or other public facilities or land therefor, under the definition of “project” under § 45-33.2-3(3)(i) […]
§ 45-33.2-5. Authorization to undertake projects — Powers. Cities and towns are authorized to undertake projects pursuant to duly adopted project plans and tax increment district master plans, as defined in § 45-33.2-3.1(13). In addition to powers granted under this section or by any other law, for the purposes of carrying out a project as […]
§ 45-33.2-6. Issuance of special obligation bonds. (a) A city or town may, in compliance with any applicable provisions of the general laws (except as provided in this section) borrow money by the issue of special obligation bonds for the purpose of carrying out a project pursuant to a duly adopted project plan or tax […]
§ 45-33.2-7. Security for bonds — Trust agreements. (a) In the discretion of the officers authorized to sell the bonds, but subject to the provisions of the vote authorizing the bonds, bonds issued under this chapter may be secured by one or more trust agreements between the city or town and a corporate trustee or […]
§ 45-33.2-8. Pledge of project revenues validated. (a) Notwithstanding any provision of any other law, including the Uniform Commercial Code, §§ 6A-1-101 — 6A-9-507: (1) Any pledge under this chapter is valid and binding, and deemed continuously perfected from the time it is made; (2) No filing need be made under the Uniform Commercial Code […]
§ 45-33.2-9. Temporary anticipation notes. In anticipation of the issue of bonds under this chapter, and subject to any provisions of the vote authorizing the bonds, the officers authorized to sell the bonds may, without further authorization, issue temporary notes. The notes may be secured as in the case of bonds and, except as otherwise […]
