Rhode Island § 44-4.2-2 § 44-4.2-2. Declaration of necessity.

Rhode Island Statutes

§ 44-4.2-2 — § 44-4.2-2. Declaration of necessity.

Rhode Island § 44-4.2-2

Title 44Taxation

Ch. 44-4.2Historic Industrial Building â€” Tax Deferment

This text of Rhode Island § 44-4.2-2 (§ 44-4.2-2. Declaration of necessity.) 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 § 44-4.2-2 (2026).

Text

§ 44-4.2-2. Declaration of necessity.
Latest surveys in the city of Pawtucket indicate a sizeable number of historic industrial
            mill buildings, which are unutilized or underutilized and a growing need to provide
            affordable residential housing for the residents of the city. Inability to provide
            this housing through the conventional free market forces has magnified the problem
            to a degree, which mandates immediate action. Economy and efficiency dictate that
            the most desirable method for dealing with this shortage is to convert unutilized
            and underutilized historic mill buildings for use as affordable residential housing
            through a cooperati

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§ 44-4.2-2. Declaration of necessity.

Latest surveys in the city of Pawtucket indicate a sizeable number of historic industrial mill buildings, which are unutilized or underutilized and a growing need to provide affordable residential housing for the residents of the city. Inability to provide this housing through the conventional free market forces has magnified the problem to a degree, which mandates immediate action. Economy and efficiency dictate that the most desirable method for dealing with this shortage is to convert unutilized and underutilized historic mill buildings for use as affordable residential housing through a cooperative partnership of local municipal tax authorities, building owners, and private sector lending institutions.