Section 42-64.27-1. – Statement of intent.

§ 42-64.27-1. Statement of intent. It is the intention of the general assembly to foster private-public partnerships in relation to improvement of streetscapes in local business districts by creating a funding program to stimulate investment in such improvements, thus enhancing the environment for business and attracting further investment. History of Section.P.L. 2015, ch. 141, art. […]

Section 42-64.27-2. – Fund established.

§ 42-64.27-2. Fund established. The main street RI streetscape improvement fund is hereby created within the Rhode Island commerce corporation. The commerce corporation is authorized, within available appropriations, to award loans, matching grants, and other forms of financing to facilitate improvement of streetscapes such as but not limited to (1) enhanced sidewalks, (2) new wayfinding […]

Section 42-64.27-3. – Rules and regulations.

§ 42-64.27-3. Rules and regulations. The commerce corporation is hereby authorized to promulgate such rules and regulations as are necessary to fulfill the purposes of this chapter, including the criteria by which grant or loan applications will be judged and awarded. History of Section.P.L. 2015, ch. 141, art. 19, § 10.

Section 42-64.27-4. – Reporting requirements.

§ 42-64.27-4. Reporting requirements. The commerce corporation shall publish a report on the main street RI streetscape improvement fund at the end of each fiscal year. The report shall contain information on the commitment, disbursement, and use of funds allocated under the fund. The report shall also, to the extent practicable, track the economic impact […]

Section 42-64.27-5. – Program integrity.

§ 42-64.27-5. Program integrity. Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program. History of Section.P.L. 2015, […]

Section 42-64.27-6. – Sunset.

§ 42-64.27-6. Sunset. No incentives shall be authorized pursuant to this chapter after December 31, 2023. History of Section.P.L. 2015, ch. 141, art. 19, § 10; P.L. 2018, ch. 47, art. 12, § 9; P.L. 2019, ch. 88, art. 12, § 17; P.L. 2020, ch. 80, art. 1, § 29; P.L. 2021, ch. 162, art. […]