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·Title 45 Towns and cities·Ch. 45-33 Redevelopment Financing

§ 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.

Rhode Island § 45-33-1 (§ 45-33-1. Establishment of revolving fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.