Rhode Island § 45-12-22.1 § 45-12-22.1. Municipal deficits — Purpose.

Rhode Island Statutes

§ 45-12-22.1 — § 45-12-22.1. Municipal deficits — Purpose.

Rhode Island § 45-12-22.1

Title 45Towns and cities

Ch. 45-12Indebtedness of Towns and Cities

This text of Rhode Island § 45-12-22.1 (§ 45-12-22.1. Municipal deficits — Purpose.) 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 § 45-12-22.1 (2026).

Text

§ 45-12-22.1. Municipal deficits — Purpose.
The purpose of §§ 45-12-22.1 — 45-12-22.5 are to ensure that municipalities and school districts monitor financial operations
            on an ongoing basis, execute a rapid response to budget problems, and maintain a balanced
            budget in compliance with § 44-35-10. It is the intent of the legislature to require that municipalities and school districts:
         
(1) Prevent year-end deficits;
         
(2) Immediately address potential deficits;
         
(3) Immediately address actual year-end deficits; and
         

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§ 45-12-22.1. Municipal deficits — Purpose.

The purpose of §§ 45-12-22.1 — 45-12-22.5 are to ensure that municipalities and school districts monitor financial operations on an ongoing basis, execute a rapid response to budget problems, and maintain a balanced budget in compliance with § 44-35-10. It is the intent of the legislature to require that municipalities and school districts:

(1) Prevent year-end deficits;

(2) Immediately address potential deficits;

(3) Immediately address actual year-end deficits; and

(4) Stabilize municipal and school district finances.