Rhode Island § 46-12.7-11 § 46-12.7-11. Emergency loans.

Rhode Island Statutes

§ 46-12.7-11 — § 46-12.7-11. Emergency loans.

Rhode Island § 46-12.7-11

Title 46Waters and Navigation

Ch. 46-12.7Oil Spill Prevention, Administration and Response Fund

This text of Rhode Island § 46-12.7-11 (§ 46-12.7-11. Emergency loans.) 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 § 46-12.7-11 (2026).

Text

§ 46-12.7-11. Emergency loans.
In the event of an oil spill where more than ten thousand (10,000) gallons of oil
            have been discharged in the waters of the state, in any one day from a single event,
            the director, after a properly noticed public hearing, may make an emergency secured
            loan to any private individual or entity who demonstrated that the individual or entity
            may suffer substantial financial hardship as a result of the oil spill without such
            loans. However, loans under this section may be made only if the director determines
            that sufficient amounts are available in the fund to cover costs incurred by state
            and local governments 

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§ 46-12.7-11. Emergency loans.

In the event of an oil spill where more than ten thousand (10,000) gallons of oil have been discharged in the waters of the state, in any one day from a single event, the director, after a properly noticed public hearing, may make an emergency secured loan to any private individual or entity who demonstrated that the individual or entity may suffer substantial financial hardship as a result of the oil spill without such loans. However, loans under this section may be made only if the director determines that sufficient amounts are available in the fund to cover costs incurred by state and local governments and entities in responding to and cleaning up the spill. The director shall adopt any regulations and guidelines determined to be necessary regarding repayment terms, interest, security, and any other items the administrator deems appropriate.