Rhode Island § 45-54-12 § 45-54-12. Revenues.

Rhode Island Statutes

§ 45-54-12 — § 45-54-12. Revenues.

Rhode Island § 45-54-12

Title 45Towns and cities

Ch. 45-54Municipal Detention Facility Corporations

This text of Rhode Island § 45-54-12 (§ 45-54-12. Revenues.) 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 § 45-54-12 (2026).

Text

§ 45-54-12. Revenues.
(a) The corporation is authorized and empowered to fix, revise, and collect from time
            to time, subject to the provisions of this chapter, fees, rentals, and other charges
            for the use of projects of, or the services rendered by the corporation to pay:
         
(1) The cost of maintaining, repairing, and operating the project or projects or portion
            or portions of them; and
         
(2) The principal of, premium, if any, and interest on the bonds and notes as the bonds
            and notes become due and payable, and to create reserves for these purposes.
         
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§ 45-54-12. Revenues.

(a) The corporation is authorized and empowered to fix, revise, and collect from time to time, subject to the provisions of this chapter, fees, rentals, and other charges for the use of projects of, or the services rendered by the corporation to pay:

(1) The cost of maintaining, repairing, and operating the project or projects or portion or portions of them; and

(2) The principal of, premium, if any, and interest on the bonds and notes as the bonds and notes become due and payable, and to create reserves for these purposes.

(b) The fees, rentals, and other charges are not subject to supervision or regulation by any commission, board, bureau, or agency of the state or of any municipality or other political subdivision of the state.

(c) The revenues derived from the project or projects or portion or portions of them, in connection with which the bonds or notes have been issued, may be pledged as provided in the resolution or the trust agreement. The pledge is valid and binding from the time when the pledge is made; the rentals, revenues, or other moneys so pledged and thereafter received by the corporation are immediately subject to the lien of the pledge without any physical delivery or further act, and the lien of any pledge is valid and binding against all parties having claims of any kind in tort, contract, or otherwise against the corporation, whether the parties have notice of claims. Neither the resolution nor any trust agreement by which a pledge is created need be filed or recorded except in the records of the corporation.

(d) The use and disposition of revenues is subject to the provisions of the resolution authorizing the issuance of the bonds, or of the trust agreement.