Rhode Island § 42-64.10-3 § 42-64.10-3. Purposes.

Rhode Island Statutes

§ 42-64.10-3 — § 42-64.10-3. Purposes.

Rhode Island § 42-64.10-3

Title 42State Affairs and Government

Ch. 42-64.10Quonset Development Corporation

This text of Rhode Island § 42-64.10-3 (§ 42-64.10-3. Purposes.) 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 § 42-64.10-3 (2026).

Text

§ 42-64.10-3. Purposes.
The corporation is authorized and established for the following purposes:
(1) To develop, manage, and convey "Federal landâ€� as defined in § 42-64-3(9) on behalf of the state, consistent with base reuse plans and plans duly adopted and/or
            ratified as provided for in this chapter.
         
(2) To undertake projects as defined in § 42-64-3(20); provided, however, that the corporation shall not have the power to issue bonds
            or notes or exercise eminent domain, provided further that nothing herein shall be
            deemed to limit or otherwise restrict or diminish the powers of the economic deve

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§ 42-64.10-3. Purposes.

The corporation is authorized and established for the following purposes:

(1) To develop, manage, and convey "Federal landâ€� as defined in § 42-64-3(9) on behalf of the state, consistent with base reuse plans and plans duly adopted and/or ratified as provided for in this chapter.

(2) To undertake projects as defined in § 42-64-3(20); provided, however, that the corporation shall not have the power to issue bonds or notes or exercise eminent domain, provided further that nothing herein shall be deemed to limit or otherwise restrict or diminish the powers of the economic development corporation, in accordance with chapter 64 of this title, to issue bonds on behalf of the corporation or for a project of the corporation or to exercise eminent domain on behalf of the corporation or in conjunction with a project of the corporation.

(3) To establish, implement, and maintain high standards for design, improvement, operation, and use of property under its control in order to provide sites and related amenities for high quality businesses that create high value added jobs in Rhode Island.

(4) To foster and maintain effective working relations with its host and surrounding communities.

(5) To establish a professional capacity for the state to develop, manage, and market state lands for commercial purposes and to act as a subsidiary of the economic development corporation for this purpose.