§ 46-15.1-1. Legislative declaration — Water resources board (corporate) — Applicable sections. The findings and declarations made by § 46-15-1 are hereby made applicable to this chapter. The water resources board (corporate) under this chapter constitutes a body politic and corporate and a public instrumentality of the state having a distinct legal existence from the […]
§ 46-15.1-1.1. Repealed.
§ 46-15.1-10. Bonds. (a) The board may borrow money for capital purposes under this chapter and for the purposes of chapter 15.3 of this title and issue its bonds therefor. Those purposes may include all costs (whether incurred prior to or after the issue of bonds or notes hereunder) of purchase or lease of property, […]
§ 46-15.1-11. Pledge of revenues and other funds. (a)(1) In the discretion of the board, any bonds or notes issued by it may be secured by a trust agreement between the board and a corporate trustee, which may be any trust company or bank whose principal office is within or without the state. The trust […]
§ 46-15.1-12. Trust funds. All money received by the board under this chapter, whether as proceeds from the sale of bonds or notes or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. History of Section.P.L. 1970, ch. 304, § 1.
§ 46-15.1-13. Remedies. Any holder of bonds or notes issued under this chapter or of any of the coupons appertaining thereto, and the trustee under a trust agreement or resolution securing the same, except to the extent the rights herein given may be restricted by the trust agreement or resolution, may bring suit upon the […]
§ 46-15.1-14. Exemption from taxation. (a) The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of the state, and for the improvement of their health and living conditions, and the purchase, lease, operation, and maintenance of projects by the board under this chapter will […]
§ 46-15.1-15. Bonds and notes eligible for investment. Bonds and notes issued by the board hereunder are hereby made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, banks, trust companies, banking associations, investment companies, savings institutions, executors, administrators, trustees, and other fiduciaries may properly […]
§ 46-15.1-16. Negotiable instruments. Notwithstanding any of the foregoing provisions of this chapter or any recitals in any bonds and notes issued by the board hereunder, all the bonds and notes shall be deemed to be negotiable instruments under the laws of the state and investment securities under the Uniform Commercial Code. History of Section.P.L. […]
§ 46-15.1-17. Refunding bonds. (a) The board may issue refunding bonds for the purpose of paying any of its bonds issued hereunder at maturity or upon acceleration or redemption. The refunding bonds may be issued in sufficient amounts to pay or provide the principal of the bonds being refunded, together with any redemption premium thereon, […]
§ 46-15.1-17.1. Dissolution. If the board shall be dissolved all funds of the board not required for the payment of bonds shall be paid to the general treasurer for the use of the state, and all property belonging to the board shall be vested in the state and delivered to it. History of Section.P.L. 1986, […]
§ 46-15.1-17.2. Inconsistent provisions. Insofar as the provisions of this chapter are inconsistent with the provisions of any other law or ordinance, general, special or local, or of any municipal charter or of any rule or regulation of the state or any municipality, the provisions of this chapter shall be controlling. History of Section.P.L. 1986, […]
§ 46-15.1-17.3. Limitation of powers. The state does hereby pledge to and agree with the holders of any bonds issued by the board pursuant to this chapter that the state will not alter or limit the rights hereby vested in the board to fulfill the terms of any agreement made with or for the benefit […]
§ 46-15.1-18. Severability — Constructions. (a) If any provision of this chapter shall be held invalid in any circumstance, the invalidity shall not affect any other provisions or circumstances. (b) This chapter shall be construed in all respects so as to meet all constitutional requirements. In carrying out the purposes and provisions of this chapter, […]
§ 46-15.1-19. Surface reservoirs. Notwithstanding the foregoing, no provision of this chapter, nor any language contained therein, shall allow or permit any funds, proceeds, revenues, or other sums of money derived by, through, or from the issuance of revenue bonds as authorized under this chapter, to be used for the design or construction of any […]
§ 46-15.1-19.1. Big River Reservoir — Administration. The Rhode Island water resources board, established pursuant to this chapter and chapter 15 of this title, shall be the only designated agency which will administer those lands acquired for the Big River Reservoir as established under section 23 of chapter 133 of the Public Laws of 1964. […]
§ 46-15.1-2. Board created — Appointment of members. (a) There is hereby authorized, created and established a water resources board consisting of fifteen (15) members as follows: (1) Eleven (11) members shall represent the public and shall be appointed by the governor with the advice and consent of the senate as herein provided; (i) One […]
§ 46-15.1-2.2. Qualifications of members. (a) Each public member of the board, before entering upon his or her duties, shall take an oath to administer the duties of his or her office faithfully and impartially, and the oath shall be filed in the office of the secretary of state. (b) No member of the board […]
§ 46-15.1-2.3. Officers of the board — Quorum and vote required for action. Forthwith, and upon the enactment of this chapter, and annually in the month of March, thereafter, the board shall elect one of its public members as chairperson, one of its public members as vice chairperson, and shall also elect a secretary either […]
§ 46-15.1-2.4. Compensation of members. (a) The members of the board shall serve without compensation. (b) The members of the board may also be reimbursed for their actual expenses necessarily incurred in the performance of their duties. History of Section.P.L. 1990, ch. 461, § 6; P.L. 2005, ch. 117, art. 21, § 33; P.L. 2006, […]
