Rhode Island § 45-33.2-13 § 45-33.2-13. Trust funds.

Rhode Island Statutes

§ 45-33.2-13 — § 45-33.2-13. Trust funds.

Rhode Island § 45-33.2-13

Title 45Towns and cities

Ch. 45-33.2Municipal Tax Increment Financing Act

This text of Rhode Island § 45-33.2-13 (§ 45-33.2-13. Trust funds.) 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 § 45-33.2-13 (2026).

Text

§ 45-33.2-13. Trust funds.
All project revenues received pursuant to the provisions of this chapter which have
            been pledged as security, including, without limiting the generality of the preceding,
            security for the repayment of bonds issued pursuant to § 45-33.2-6, are deemed to be trust funds to be held and applied solely as provided in this chapter.
            Project revenues received pursuant to the provisions of this chapter which have not
            been pledged as security may be used in any manner consistent with the project plan,
            as well as, with respect to the tax increment portion of the plan, § 45-33.2-3(7).
         

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§ 45-33.2-13. Trust funds.

All project revenues received pursuant to the provisions of this chapter which have been pledged as security, including, without limiting the generality of the preceding, security for the repayment of bonds issued pursuant to § 45-33.2-6, are deemed to be trust funds to be held and applied solely as provided in this chapter. Project revenues received pursuant to the provisions of this chapter which have not been pledged as security may be used in any manner consistent with the project plan, as well as, with respect to the tax increment portion of the plan, § 45-33.2-3(7).