§ 45-50-28. Inconsistent provisions. Insofar as the provisions of this chapter are inconsistent with the provisions of any charter or other laws or ordinances, general, special, or local, or of any rule or regulation of the state or any municipality, the provisions of this chapter are controlling. History of Section.P.L. 1987, ch. 475, § 1.
§ 45-50-29. Applicability of other laws. This chapter shall be construed to provide a complete, additional, and alternative method for doing the things authorized by this chapter, and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds, notes, and other obligations of the authority […]
§ 45-50-3. Legislative findings — Applicability of chapter — Resolution of need required for authority to function. (a) It is declared that a need exists to authorize all municipalities which issue significant amounts of general obligation debt or which have large operating budgets to possess powers enabling the implementation of alternative financing techniques. (b) This […]
§ 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.
§ 45-50-31. Severability. The provisions of this chapter are severable, and if any of its provisions are held unconstitutional or invalid for any other reason by any court of competent jurisdiction, the decision of the court shall not affect or impair any of the remaining provisions. In carrying out the purposes and provisions of this […]
§ 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 […]
§ 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 […]
§ 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 […]
§ 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 […]
§ 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 […]
§ 45-50-6. Tenure of authority members. The members who are first appointed shall be designated to serve for terms of one, two (2), three (3), four (4), and five (5) years, respectively. Thereafter, members shall be appointed as aforesaid for a term of office of five (5) years, except that all vacancies occurring during a […]
§ 45-50-7. Officers and quorums. The authority shall elect one of its members as chairperson and another as vice chairperson and shall also elect a secretary and a treasurer. Three (3) members of the authority constitutes a quorum and the vote of three (3) members is necessary for any action taken by the authority. No […]
§ 45-50-8. Reimbursement for expenses. The members shall receive no compensation for the performance of their duties under this chapter, but each member shall be reimbursed for his or her reasonable expenses incurred in carrying out his or her duties under this chapter. History of Section.P.L. 1987, ch. 475, § 1.
§ 45-50-9. Definitions. As used in this chapter, the following words and terms have the following meanings, unless the context indicates another or different meaning: (1) The word “authority” means any municipal public buildings authority created pursuant to this chapter, or, if the authority is abolished, the board, body, or commission succeeding to the principal […]
