Section 45-50-30. – Liberal construction.
§ 45-50-30. Liberal construction. This chapter being necessary for the welfare of the state and its inhabitants shall be liberally construed in order to effectuate its purposes. History of Section.P.L. 1987, ch. 475, § 1.
Section 45-50-4. – Resolution conclusive as to capacity of authority.
§ 45-50-4. Resolution conclusive as to capacity of authority. In any suit, action, or proceeding involving the validity or enforcement of, or relating to any contract by or on behalf of an authority, the authority shall be conclusively deemed to have become established and authorized to transact business and exercise its powers upon proof of […]
Section 45-50-17. – Trust funds.
§ 45-50-17. Trust funds. All moneys received pursuant to the provisions of this chapter, whether as proceeds from the sale of bonds or as revenues, are deemed to be trust funds to be held and applied as may be provided in the resolution authorizing the issuance of the bonds or the trust agreement securing the […]
Section 45-50-5. – Appointment of authority members.
§ 45-50-5. Appointment of authority members. When the council of a city or town first adopts a resolution as provided for in § 45-50-3, the elected chief executive officer, in cities and towns having a popularly elected chief executive officer, shall appoint five (5) resident electors of the city or town as members of the […]
Section 45-50-18. – Remedies.
§ 45-50-18. Remedies. Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining to them, and the trustee under the trust agreement or the resolution, except to the extent the rights given by this chapter may be restricted by the trust agreement or the resolution, may by civil […]
Section 45-50-5.1. – Compliance with laws and contractual obligations.
§ 45-50-5.1. Compliance with laws and contractual obligations. The authority and its members are under a statutory duty to comply or to cause compliance strictly with all provisions of this title and the laws of the state, and in addition thereto, with each and every term, provision, and covenant in any contract of the authority […]
Section 45-50-19. – Exemptions from taxation.
§ 45-50-19. Exemptions from taxation. The exercise of the powers granted by this chapter are, in all respects, for the benefit of the people of the municipality and the state of Rhode Island and for the facilitation of the conduct of their public business; and as the acquisition, construction, operation, and maintenance by the authority […]
Section 45-50-5.2. – Interest of members or employees in property.
§ 45-50-5.2. Interest of members or employees in property. No member or employee of an authority shall acquire any direct interest in any project or in any property included or planned to be included in any project, nor shall he or she have any direct or indirect interest in any contract or proposed contract for […]
Section 45-50-20. – Bonds eligible for investment.
§ 45-50-20. Bonds eligible for investment. Bonds issued by the authority under the provisions of this chapter are made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, credit unions, building and loan associations, executors, administrators, trustees, and other […]
Section 45-50-5.3. – Evaluation and approval.
§ 45-50-5.3. Evaluation and approval. Except as stated in this chapter, the board created in chapter 10.1 of title 42 shall evaluate all proposals for the issuance of bonds, general obligations, and/or revenue, prior to the issuance of the bonds. General obligation bonds and revenue bonds, including any temporary notes sought to be issued in […]