Rhode Island § 45-33-1 § 45-33-1. Establishment of revolving fund.

Rhode Island Statutes

§ 45-33-1 — § 45-33-1. Establishment of revolving fund.

Rhode Island § 45-33-1

Title 45Towns and cities

Ch. 45-33Redevelopment Financing

This text of Rhode Island § 45-33-1 (§ 45-33-1. Establishment of revolving fund.) 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 § 45-33-1 (2026).

Text

§ 45-33-1. Establishment of revolving fund.
The legislative body of any community, at any time after it has adopted a resolution
            declaring that there is a need for an agency to function in the community, may establish
            a redevelopment revolving fund. For the purpose of raising moneys to be deposited
            in that fund, the community may appropriate tax money or other funds, and/or issue
            and sell its general obligation or revenue bonds, and the moneys shall be used to
            effectuate the purposes and the provisions of chapters 31 — 33 of this title, upon
            resolution of the legislative body.
         

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§ 45-33-1. Establishment of revolving fund.

The legislative body of any community, at any time after it has adopted a resolution declaring that there is a need for an agency to function in the community, may establish a redevelopment revolving fund. For the purpose of raising moneys to be deposited in that fund, the community may appropriate tax money or other funds, and/or issue and sell its general obligation or revenue bonds, and the moneys shall be used to effectuate the purposes and the provisions of chapters 31 — 33 of this title, upon resolution of the legislative body.