Rhode Island § 30-32-5.1 § 30-32-5.1. Defense economy community reinvestment program.

Rhode Island Statutes

§ 30-32-5.1 — § 30-32-5.1. Defense economy community reinvestment program.

Rhode Island § 30-32-5.1

Title 30Military Affairs and Defense

Ch. 30-32National Security Infrastructure Support Fund

This text of Rhode Island § 30-32-5.1 (§ 30-32-5.1. Defense economy community reinvestment program.) 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 § 30-32-5.1 (2026).

Text

§ 30-32-5.1. Defense economy community reinvestment program.
(a) The purpose of this fund is to assist defense-dependent municipalities to develop
            and implement alternative economic diversification strategies that repurpose surplus
            defense facilities and properties. All funds appropriated for the purposes of this
            program are eligible to be used for matching of federal funds.
         
(b) The specific allocation of the funds shall be determined by the commerce corporation
            after consultation with the fund's advisory board and within the following program
            guidelines:
         
(1)

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§ 30-32-5.1. Defense economy community reinvestment program.

(a) The purpose of this fund is to assist defense-dependent municipalities to develop and implement alternative economic diversification strategies that repurpose surplus defense facilities and properties. All funds appropriated for the purposes of this program are eligible to be used for matching of federal funds.

(b) The specific allocation of the funds shall be determined by the commerce corporation after consultation with the fund's advisory board and within the following program guidelines:

(1) Eligible applicants include defense-dependent municipalities and regions and local economic development organizations located within such communities. The program shall be administered by the commerce corporation and grant awards may be provided to support community-based activities that:

(i) Assist communities in defense-dependent municipalities and regions to plan, analyze, and develop transitional strategies that maximize uses for surplus defense properties;

(ii) Diversify and further commercialize the local economy of a defense-dependent community; and

(iii) Encourage the development of public/private partnerships focused within the high-growth fields of information technology, cyber security, engineering, and advanced manufacturing.