reglab/housing_qa huggingface dataset:
RI Gen L § 45-33-4 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-4 - Appropriations, borrowing, and loans by cities and towns.

§ 45-33-4. Appropriations, borrowing, and loans by cities and towns.Any community in this state is authorized to appropriate moneys raised by taxes or other funds, including, but not limited to, funds in the redevelopment revolving fund, and to borrow money as provided in chapters 31 — 33 of this title, and may lend or give the money to any redevelopment agency established by it for the purpose of acquiring property in any project area or for the clearance and preparation of any project area for redevelopment or for financing, or otherwise assisting in the carrying out of any redevelopment plan or to effectuate the purposes and provisions of chapters 31 — 33 of this title.History of Section.P.L. 1956, ch. 3654, § 43; G.L. 1956, § 45-33-4.
RI Gen L § 45-33-5 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-5 - Power to issue bonds - Revenue and mortgage bonds.

§ 45-33-5. Power to issue bonds — Revenue and mortgage bonds.An agency has power to issue bonds from time to time in its discretion, for any of its corporate purposes. The term "bonds" means and includes the notes, bonds, and other evidences of indebtedness which an agency is authorized to issue pursuant to chapters 31 — 33 of this title. An agency also has power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. An agency may issue those types of bonds as it may determine, including bonds on which the principal and interest are payable:(1) Exclusively from the income and revenues of the development project or projects financed with the proceeds of those bonds, or with the proceeds together with financial assistance from the city, state, or federal governments in aid of the projects;(2) Exclusively from the income and revenues of certain designated redevelopment projects whether or not they were financed in whole or in part with the proceeds of the bonds;(3) From its revenues generally;(4) From any contributions or other financial assistance from the city, state, or federal governments; or(5) By any combination of these methods. Any of the bonds may be additionally secured by a pledge of any revenues or by an encumbrance (whether by mortgage, deed of trust, or otherwise) of any redevelopment project, projects, or other property of the agency.History of Section.P.L. 1956, ch. 3654, § 78; G.L. 1956, § 45-33-5; P.L. 1999, ch. 497, § 2.
RI Gen L § 45-33-6 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-6 - Restrictions on liability on bonds.

§ 45-33-6. Restrictions on liability on bonds.Neither the members of an agency nor any person executing the bonds are personally liable on the bonds by reason of their issuance. The bonds and other obligations of any agency (and those bonds and other obligations shall so state on their face) are not a debt of the community, the state or any political subdivision other than the agency and neither the community nor the state, or any political subdivision other than the agency, are liable for them, nor in any event are those bonds or obligations payable out of any funds or properties other than those of the agency. The bonds do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.History of Section.P.L. 1956, ch. 3654, § 78; G.L. 1956, § 45-33-6.
RI Gen L § 45-33-7 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-7 - Terms and form of bonds.

§ 45-33-7. Terms and form of bonds.Bonds of an agency are authorized by its resolution, and may be issued in one or more series, and shall bear a date or dates, mature at time or times, bear interest at a rate or rates, be in a denomination or denominations, be in a form, either coupon or registered, carry conversion or registration privileges, have a rank or priority, be executed in a manner, be payable in a medium of payment, at a place or places, and be subject to terms of redemption (with or without premium) that the resolution, its trust indenture, or mortgage may provide. Bonds of an agency may be sold at public or private sale at a price or prices to be determined by the agency.History of Section.P.L. 1956, ch. 3654, § 79; G.L. 1956, § 45-33-7; P.L. 1999, ch. 497, § 2.
RI Gen L § 45-33-9 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-9 - Repealed.

§ 45-33-9. Repealed.
RI Gen L § 45-33-10 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-10 - Continuing validity of signatures - Negotiability of bonds.

§ 45-33-10. Continuing validity of signatures — Negotiability of bonds.In case any of the members or officers of the agency whose signatures appear on any bonds or coupons cease to be members or officers before the delivery of the bonds, their signatures are, nevertheless, valid and sufficient for all purposes, the same as if they had remained in office until delivery. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to chapters 31 — 33 of this title are fully negotiable.History of Section.P.L. 1956, ch. 3654, § 79; G.L. 1956, § 45-33-10.
RI Gen L § 45-33-11 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-11 - Recitals as to purpose of bonds.

§ 45-33-11. Recitals as to purpose of bonds.In any suit, action, or proceedings involving the validity or enforceability of any bonds of an agency or their security, any bond reciting in substance that it has been issued by the agency to aid in financing a redevelopment project or for code enforcement projects, shall be conclusively deemed to have been issued for a redevelopment project of character, and the project conclusively deemed to have been planned, located, and constructed in accordance with the purposes and provisions of chapters 31 — 33 of this title, or, if issued for a code enforcement project or projects, conclusively deemed to have been issued for a code enforcement project or projects of character, and the project or projects conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of appropriate federal legislation.History of Section.P.L. 1956, ch. 3654, § 79; G.L. 1956, § 45-33-11; P.L. 1971, ch. 78, § 3.
RI Gen L § 45-33-12 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-12 - Remedies of obligees.

§ 45-33-12. Remedies of obligees.An obligee of an agency has the right, in addition to all other rights which may be conferred on the obligee, subject only to any contractual restrictions binding upon the obligee:(1) By mandamus, suit, action, or proceeding at law or in equity, to compel the agency and its members, officers, agents, or employees to perform each and every term, provision, and covenant contained in any contract of the agency with or for the benefit of the obligee, and to require the carrying out of any or all covenants and agreements of the agency and the fulfillment of all duties imposed upon the agency by chapters 31 — 33 of this title.(2) By suit, action, or proceeding in equity, to enjoin any acts or things which may be unlawful, or the violation of any of the rights of an obligee of the agency.History of Section.P.L. 1956, ch. 3654, § 81; G.L. 1956, § 45-33-12.
RI Gen L § 45-33-13 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-13 - Additional remedies conferrable on obligees.

§ 45-33-13. Additional remedies conferrable on obligees.An agency has power, by its resolution, trust indenture, mortgage, lease, or other contract, to confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event or default as defined in the resolution or instrument, by suit, action, or proceeding in any court of competent jurisdiction:(1) To cause possession of any redevelopment project or any part of it to be surrendered to the obligee.(2) To obtain the appointment of a receiver of any redevelopment project of the agency or any part of it and of the rents and profits from it. If a receiver is appointed, he or she may enter and take possession of the redevelopment project or any part of it, and operate and maintain the redevelopment project, and collect and receive all fees, rents, revenues, or other charges thereafter arising from it, and keep those moneys in a separate account or accounts and apply the moneys in accordance with the obligation of the agency as the court directs.(3) To require the agency and its members and employees to account as if it and they were the trustees of an express trust.History of Section.P.L. 1956, ch. 3654, § 82; G.L. 1956, § 45-33-13.
RI Gen L § 45-33-14 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-14 - Tax exemption of bonds.

§ 45-33-14. Tax exemption of bonds.The bonds of an agency are declared to be issued for an essential public and governmental purpose, and, together with interest and income, are exempt from all taxes.History of Section.P.L. 1956, ch. 3654, § 83; G.L. 1956, § 45-33-14.
RI Gen L § 45-33-15 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-15 - Bonds as legal investments.

§ 45-33-15. Bonds as legal investments.Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and the public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, and all insurance companies, insurance associations, and other persons carrying on an insurance business, may legally invest any sinking funds, moneys, or other funds, belonging to them or within their control, in any bonds or other obligations issued by an agency, as herein defined, and those bonds and other obligations shall be authorized security for all public deposits; it being one of the purposes of chapters 31 — 33 of this title, to authorize all persons, firms, corporations, associations, political subdivisions, bodies, and officers, public or private, to use any funds owned or controlled by them including, but not limited to, sinking, insurance, investment, retirement, compensation, pension, and trust funds, and any funds held on deposit, for the purchase of any bonds or other obligations; provided, that nothing contained in chapters 31 — 33 of this title, shall be construed as relieving any person, firm, or corporation from any duty of exercising reasonable care in selecting securities.History of Section.P.L. 1956, ch. 3654, § 84; G.L. 1956, § 45-33-15.
RI Gen L § 45-33-16 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-16 - Financial assistance by other public agencies.

§ 45-33-16. Financial assistance by other public agencies.In addition to the powers conferred upon an agency by other provisions of chapters 31 — 33 of this title, an agency is empowered to borrow money or accept financial or other assistance, from the federal or state government or any state public body, for or in aid of any redevelopment project, and to those ends the agency is empowered to comply with any conditions attached, not inconsistent with the purposes of these chapters.History of Section.P.L. 1956, ch. 3654, § 86; G.L. 1956, § 45-33-16.
RI Gen L § 45-33-17 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33 - Redevelopment Financing|Section 45-33-17 - Previously issued bonds ratified.

§ 45-33-17. Previously issued bonds ratified.All proceedings taken before April 2, 1956, by a legislative body of a community authorizing the issuance of bonds of a community to provide funds for a redevelopment revolving fund under § 46 of chapter 1802 of the Public Laws of 1946, as amended, or for a redevelopment revolving fund under § 49 of chapter 2574 of the Public Laws of 1950, where the issuance of bonds has been approved by the voters of the community, are ratified, confirmed, and declared legal in all respects, and the issuance of any bonds so authorized is approved and reauthorized, notwithstanding the repeal of chapter 1802 of the Public Laws of 1946, as amended, or of chapter 2574 of the Public Laws of 1950, and notwithstanding the provisions of the charter of any community or of any general or special law.History of Section.P.L. 1956, ch. 3654, § 92; G.L. 1956, § 45-33-17.
RI Gen L § 45-33.1-1 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.1 - Rehabilitation Loans|Section 45-33.1-1 - Rehabilitation loans.

§ 45-33.1-1. Rehabilitation loans.The various cities and towns and their respective redevelopment agencies are severally authorized to make secured and unsecured loans with or without interest to any one or more persons, partnerships, or corporations for the purpose of making repairs, rehabilitation, or alterations to structures located within their respective communities. These loans may be made to bring those structures into compliance with their respective housing standards, or into compliance with rehabilitation standards contained in any redevelopment plan approved pursuant to chapters 31 — 33 of this title, or to improve the respective structures, real estate, or neighborhoods. These loans may also be made to state-chartered limited equity housing cooperatives.History of Section.P.L. 1976, ch. 279, § 1; P.L. 1986, ch. 256, § 7.
RI Gen L § 45-33.1-2 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.1 - Rehabilitation Loans|Section 45-33.1-2 - Acceptance of security interests and mortgages.

§ 45-33.1-2. Acceptance of security interests and mortgages.The various cities and towns and their respective redevelopment agencies are severally authorized to accept security interests and mortgages in personal property and real estate to secure loans made under this chapter, and are severally empowered to exercise all of the rights of a secured party or mortgagee with respect to those secured loans.History of Section.P.L. 1976, ch. 279, § 1.
RI Gen L § 45-33.1-3 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.1 - Rehabilitation Loans|Section 45-33.1-3 - Powers additional.

§ 45-33.1-3. Powers additional.The authorization and empowerments provided by this chapter are in addition to all other powers already granted and existing in the cities and towns and their respective redevelopment agencies.History of Section.P.L. 1976, ch. 279, § 1.
RI Gen L § 45-33.2-1 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.2 - Municipal Tax Increment Financing Act|Section 45-33.2-1 - Short title.

§ 45-33.2-1. Short title.This chapter may be referred to and cited as the "Municipal Tax Increment Financing Act."History of Section.P.L. 1984, ch. 78, § 1; P.L. 2018, ch. 156, § 3; P.L. 2018, ch. 292, § 3.
RI Gen L § 45-33.2-2 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.2 - Municipal Tax Increment Financing Act|Section 45-33.2-2 - Legislative findings.

§ 45-33.2-2. Legislative findings.It is found and declared that for the public health, safety, morals, and welfare of the people of the state generally, the increase of their commerce, welfare, and prosperity and the improvement of their housing, employment and educational opportunities and general living conditions, as well as in order to remedy the conditions found to exist in the state as declared in § 45-31-3, it is essential to provide new employment opportunities to prevent, arrest, and alleviate blighted, decayed, and substandard areas in cities and towns, to increase the supply of housing available to homeowners and to tenants at low rentals, to increase the tax base, to encourage the development of undeveloped land in the town of West Greenwich, and to improve the general economy of the state; and that it is the purpose of this chapter to provide an additional and alternative means to cities and towns to fund and/or finance municipal and other public facilities and residential, commercial and industrial development and revitalization, home ownership; and programs to combat poverty, improve municipal and neighborhood living conditions and provide improved employment and educational opportunities, all to the public benefit and good, in the manner provided in this chapter.History of Section.P.L. 1984, ch. 78, § 1; P.L. 1992, ch. 424, § 1; P.L. 1999, ch. 506, § 1.
RI Gen L § 45-33.2-7 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.2 - Municipal Tax Increment Financing Act|Section 45-33.2-7 - Security for bonds - Trust agreements.

§ 45-33.2-7. Security for bonds — Trust agreements.(a) In the discretion of the officers authorized to sell the bonds, but subject to the provisions of the vote authorizing the bonds, bonds issued under this chapter may be secured by one or more trust agreements between the city or town and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the state. A trust agreement under this section shall be in a form and executed in a manner that may be determined by the officers. A trust agreement may pledge or assign project revenues, in whole or in part. It may contain provisions for protecting and enforcing the rights, security, and remedies of the bondholders as may be reasonable and proper and not in violation of law, including without limiting the generality of the preceding, provisions defining defaults and providing for remedies in the event of defaults, which may include the acceleration of maturities, and covenants stating duties of, and limitations on, the city or town in relation to carrying out and otherwise administering the project or projects, the custody, safeguarding, investment and application of project revenues, the issue of additional bonds under this chapter, the determination of tax increments, the fixing of fees and charges, if any, in relation to the project or projects, the collection of project revenues, the use of any surplus bond proceeds, the establishment of reserves, and the replacement of bonds or coupons which become mutilated or are destroyed or lost. Subject to the provisions of this chapter, moneys subject to the trust agreement shall be held, invested, and applied as provided in the trust agreement; provided, that moneys not deposited in trust with a corporate trustee shall be in the custody of the city or town treasurer.(b) It is lawful for any bank or trust company to act as a depository or trustee of the proceeds of bonds or of other moneys under any trust agreement and to furnish indemnifying bonds or to pledge securities that may be required by the trust agreement. The trust agreement or resolution may establish the rights and remedies of the bondholders and the trustee, and may restrict the individual right of action by bondholders. All expenses incurred in carrying out the provisions of the trust agreement or resolution may be treated as current operating expenses.History of Section.P.L. 1984, ch. 78, § 1.
RI Gen L § 45-33.2-8 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.2 - Municipal Tax Increment Financing Act|Section 45-33.2-8 - Pledge of project revenues validated.

§ 45-33.2-8. Pledge of project revenues validated.(a) Notwithstanding any provision of any other law, including the Uniform Commercial Code, §§ 6A-1-101 — 6A-9-507:(1) Any pledge under this chapter is valid and binding, and deemed continuously perfected from the time it is made;(2) No filing need be made under the Uniform Commercial Code or otherwise;(3) Unless otherwise provided in the financing instruments, a pledge of project revenues is deemed to include a pledge of any accounts or general intangibles from which revenues are derived, whether existing at the time of the pledge or thereafter coming into existence, and whether held at the time of the pledge or thereafter acquired by the city or town, and the proceeds of the accounts or general intangibles; and(4) The pledge of project revenues, accounts, and general intangibles is subject to the lien of the pledge without delivery or segregation, and the lien of the pledge is valid and binding against all parties having claims of contract or tort or otherwise against the city or town.(b) A pledge of project revenues under this chapter constitutes a sufficient appropriation for the purposes of any provision for appropriation, and the revenues may be applied as required by the pledge without further appropriation.(c) For the purposes of this section the word "pledge" is construed to include the grant of a security interest under the Uniform Commercial Code.History of Section.P.L. 1984, ch. 78, § 1.
RI Gen L § 45-33.2-9 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.2 - Municipal Tax Increment Financing Act|Section 45-33.2-9 - Temporary anticipation notes.

§ 45-33.2-9. Temporary anticipation notes.In anticipation of the issue of bonds under this chapter, and subject to any provisions of the vote authorizing the bonds, the officers authorized to sell the bonds may, without further authorization, issue temporary notes. The notes may be secured as in the case of bonds and, except as otherwise provided in this section, the provisions of other sections of this chapter referring to bonds are also deemed to refer to the notes. The notes need not bear the seal of the city or town or a facsimile of the seal. The notes are payable within three (3) years from their respective dates, but the principal of and interest on notes issued for a shorter period may be refunded from time to time by the issue of other notes maturing within three (3) years from the original date of issue of the indebtedness being refunded.History of Section.P.L. 1984, ch. 78, § 1.
RI Gen L § 45-33.2-10 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-33.2 - Municipal Tax Increment Financing Act|Section 45-33.2-10 - Refunding bonds.

§ 45-33.2-10. Refunding bonds.A city or town may, subject to any applicable provisions of § 45-12-5.2, issue refunding bonds for the purpose of paying any of its bonds issued under this chapter at maturity or upon acceleration or redemption. The refunding bonds may be issued at a time prior to the maturity or redemption of the refunded bonds as the city or town deems to be in the public interest. The refunding bonds may be issued in sufficient amounts to pay or provide the principal of the bonds being refunded, together with any redemption premium, any interest accrued or to accrue to the date of payment of the bonds, the expenses of issue of the refunding bonds, the expenses of redeeming the bonds being refunded, and the reserves for debt service or other purposes from the proceeds of the refunding bonds, as may be required by any agreement securing bonds. The issue of refunding bonds, the maturities and other details thereof, the security therefor, the rights of holders thereof, and the rights, duties, and obligations of the city or town with respect thereto shall be governed by the provisions of this chapter relating to the issue of bonds other than refunding bonds insofar as those provisions may be applicable.History of Section.P.L. 1984, ch. 78, § 1.