Rhode Island § 39-16-14 § 39-16-14. Payments in lieu of taxes.

Rhode Island Statutes

§ 39-16-14 — § 39-16-14. Payments in lieu of taxes.

Rhode Island § 39-16-14

Title 39Public Utilities and Carriers

Ch. 39-16Kent County Water District

This text of Rhode Island § 39-16-14 (§ 39-16-14. Payments in lieu of taxes.) 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 § 39-16-14 (2026).

Text

§ 39-16-14. Payments in lieu of taxes.
The authority shall pay annually, having first made provision for the payment of principal
            and interest on any bonds outstanding and any other charges payable from revenues
            due in such year as may be provided in the resolution or resolutions authorizing any
            bonds, in lieu of any property tax, as a charge upon its earnings or revenues, to
            each city, town, or district, a sum equal in amount to any property tax levied on
            any property by or on behalf of the city, town, or district during the year next preceding
            the acquisition of such property by the authority. The authority shall have no power
            to levy 

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§ 39-16-14. Payments in lieu of taxes.

The authority shall pay annually, having first made provision for the payment of principal and interest on any bonds outstanding and any other charges payable from revenues due in such year as may be provided in the resolution or resolutions authorizing any bonds, in lieu of any property tax, as a charge upon its earnings or revenues, to each city, town, or district, a sum equal in amount to any property tax levied on any property by or on behalf of the city, town, or district during the year next preceding the acquisition of such property by the authority. The authority shall have no power to levy or collect ad valorem property taxes.