Rhode Island § 45-25-30 § 45-25-30. Payments in lieu of local property tax.

Rhode Island Statutes

§ 45-25-30 — § 45-25-30. Payments in lieu of local property tax.

Rhode Island·Title 45 Towns and cities·Ch. 45-25 City Housing Authorities

§ 45-25-30. Payments in lieu of local property tax.
The property of an authority is exempt from all local and municipal taxes. An authority
            shall pay to the city a sum fixed annually by the city. A city may:
         
(1) Fix a sum to be paid to it annually by an authority in respect of each project; or
         
(2) Agree that an authority not pay or be liable to pay any sum whatsoever in respect
            of a project or projects for any year or years; or
         
(3) Agree with an authority or government upon the sum to be paid by the authority for
            any year or years in respec

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§ 45-25-30. Payments in lieu of local property tax.

The property of an authority is exempt from all local and municipal taxes. An authority shall pay to the city a sum fixed annually by the city. A city may:

(1) Fix a sum to be paid to it annually by an authority in respect of each project; or

(2) Agree that an authority not pay or be liable to pay any sum whatsoever in respect of a project or projects for any year or years; or

(3) Agree with an authority or government upon the sum to be paid by the authority for any year or years in respect of a project or projects, or accept or agree to accept a fixed sum or other consideration in lieu of the payment.

Rhode Island § 45-25-30 (§ 45-25-30. Payments in lieu of local property tax.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.