Section 42-64.1-1. – Short title.

§ 42-64.1-1. Short title. This chapter shall be known as the “Rhode Island Economic Development Assistance Act”. History of Section.P.L. 1979, ch. 157, Part II, § 1; P.L. 1986, ch. 198, § 39.

Section 42-64.1-2. – Legislative findings.

§ 42-64.1-2. Legislative findings. (a) It is found and declared that there exists in our state a condition of substantial and persistent unemployment and underemployment which causes hardship to many individuals and families, wastes vital human resources, increases the public assistance burdens of the state, impairs the security of family life, contributes to crime and […]

Section 42-64.1-3. – Definitions.

§ 42-64.1-3. Definitions. As used in this chapter, the following words and terms shall have the following meanings unless the context shall indicate another or different meaning or intent: (1) “Economic development project” means a project undertaken by the economic development corporation for the acquisition, improvement and development of land and facilities thereon, for sale […]

Section 42-64.1-4. – Economic development project plan.

§ 42-64.1-4. Economic development project plan. The Rhode Island economic development corporation may initiate an economic development project by adopting an economic development project plan in accordance with the provisions of this chapter, the Rhode Island Economic Development Corporation Act, chapter 64 of this title, and any regulations of the economic development corporation. A project […]

Section 42-64.1-5. – Economic development assistance fund.

§ 42-64.1-5. Economic development assistance fund. (a) The proceeds of the bonds described in part I of P.L. 1979, Chapter 157 shall be deposited by the Rhode Island economic development corporation in a special account to be designated “Rhode Island economic development assistance fund of 1979” (the “bond fund”) to be used from time to […]