Rhode Island § 45-59.1-18 § 45-59.1-18. Remaining revenues.

Rhode Island Statutes

§ 45-59.1-18 — § 45-59.1-18. Remaining revenues.

Rhode Island § 45-59.1-18

Title 45Towns and cities

Ch. 45-59.1Tourism Improvement Districts

This text of Rhode Island § 45-59.1-18 (§ 45-59.1-18. Remaining 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 § 45-59.1-18 (2026).

Text

§ 45-59.1-18. Remaining revenues.
Upon the dissolution or expiration without renewal of a tourism improvement district,
            any remaining revenues, after all outstanding debts are paid, derived from the levy
            of assessments, or derived from the sale of assets acquired with the revenues, shall
            be spent in accordance with the tourism improvement district plan or shall be refunded
            to the owners of the businesses then located and operating within the tourism improvement
            district in which assessments were levied by applying the same method and basis that
            was used to calculate the assessments levied in the fiscal year in which the tourism
            improveme

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§ 45-59.1-18. Remaining revenues.

Upon the dissolution or expiration without renewal of a tourism improvement district, any remaining revenues, after all outstanding debts are paid, derived from the levy of assessments, or derived from the sale of assets acquired with the revenues, shall be spent in accordance with the tourism improvement district plan or shall be refunded to the owners of the businesses then located and operating within the tourism improvement district in which assessments were levied by applying the same method and basis that was used to calculate the assessments levied in the fiscal year in which the tourism improvement district is disestablished or expires.