Rhode Island § 24-12-38 § 24-12-38. Covenant against competition.

Rhode Island Statutes

§ 24-12-38 — § 24-12-38. Covenant against competition.

Rhode Island § 24-12-38

Title 24Highways

Ch. 24-12Rhode Island Turnpike and Bridge Authority

This text of Rhode Island § 24-12-38 (§ 24-12-38. Covenant against competition.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 24-12-38 (2026).

Text

§ 24-12-38. Covenant against competition.
The state covenants and agrees with the holders of any bonds or obligations of the
            authority that the state will not authorize or permit the construction, operation,
            and maintenance of any additional facility for the transportation of passenger vehicles
            by any person or body other than the authority within a distance of ten (10) miles
            in either direction from any project financed by the authority under the provisions
            of this chapter.
         

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§ 24-12-38. Covenant against competition.

The state covenants and agrees with the holders of any bonds or obligations of the authority that the state will not authorize or permit the construction, operation, and maintenance of any additional facility for the transportation of passenger vehicles by any person or body other than the authority within a distance of ten (10) miles in either direction from any project financed by the authority under the provisions of this chapter.