§ 45-9-8 — § 45-9-8. Appointment of receiver in a fiscal emergency.

Rhode Island § 45-9-8

• Jurisdiction: Rhode Island
• Title 45: Towns and cities
• Ch. 45-9: Budget Commissions

Text

§ 45-9-8. Appointment of receiver in a fiscal emergency.

In the event the director of revenue determines, in consultation with the auditor general, that a city, town, or fire district is facing a fiscal emergency and that circumstances do not allow for appointment of a fiscal overseer or a budget commission prior to the appointment of a receiver, the director of revenue may appoint a receiver without having first appointed a fiscal overseer or a budget commission.

Legislative History

P.L. 2010, ch. 24, § 1; P.L. 2010, ch. 27, § 1; P.L. 2014, ch. 31, § 1; P.L. 2014, ch. 33, § 1.