Rhode Island § 46-24-11 § 46-24-11. Payments in lieu of taxes.

Rhode Island Statutes

§ 46-24-11 — § 46-24-11. Payments in lieu of taxes.

Rhode Island § 46-24-11

Title 46Waters and Navigation

Ch. 46-24Pawtuxet River Authority

This text of Rhode Island § 46-24-11 (§ 46-24-11. Payments in lieu of taxes.) 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 § 46-24-11 (2026).

Text

§ 46-24-11. Payments in lieu of taxes.
The authority shall pay annually in lieu of any property tax, as a charge upon its
            earnings and revenues, to each city, town, and district, or other district, a sum
            equal in amount to any property tax levied on any property by or on behalf of the
            town or district during the year next preceding the acquisition of the property by
            the authority. The authority shall have no power to levy or collect ad valorem property
            taxes.
         

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§ 46-24-11. Payments in lieu of taxes.

The authority shall pay annually in lieu of any property tax, as a charge upon its earnings and revenues, to each city, town, and district, or other district, a sum equal in amount to any property tax levied on any property by or on behalf of the town or district during the year next preceding the acquisition of the property by the authority. The authority shall have no power to levy or collect ad valorem property taxes.