reglab/housing_qa huggingface dataset:
RI Gen L § 42-64.22-3 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-3 - Establishment of program.

§ 42-64.22-3. Establishment of program.(a) The Tax Stabilization Incentive Program is hereby created to provide incentives to Rhode Island municipalities to enter into qualifying property tax stabilization agreements in connection with qualifying projects set forth herein.(b) Under the program, qualified and Hope Communities in the state of Rhode Island that grant qualifying tax stabilization agreements, subject to the provisions of § 44-3-9 of the Rhode Island general laws, in connection with a qualifying project, may apply to the commerce corporation for certification for partial reimbursement of the amount of real estate taxes and/or personal property taxes that would have otherwise been paid had the qualified and/or hope communities not granted said tax stabilization agreement.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-4 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-4 - Incentives for municipalities.

§ 42-64.22-4. Incentives for municipalities.The qualifying community or hope community grants a qualifying tax stabilization agreement in connection with a qualifying project, upon certification by the commerce corporation and subject to availability of appropriated funds, the commerce corporation shall provide a partial reimbursement of no more than ten percent (10%) of the qualifying community and/or hope community's forgone tax revenue. The qualification for reimbursement shall cease upon any termination or cessation of the underlying tax stabilization agreement or upon exhaustion of funds appropriated pursuant to this section.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-5 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-5 - Eligibility requirements for qualifying communities.

§ 42-64.22-5. Eligibility requirements for qualifying communities.In order for a qualifying community to be eligible to receive incentives under this chapter, in addition to the provisions set forth herein, the tax stabilization agreement must be for a qualified development project resulting in the creation of at least fifty (50) new full-time jobs, and the developer must commit a capital investment of not less than ten million dollars ($10,000,000.00) towards the project cost.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-6 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-6 - Eligibility requirements for hope communities.

§ 42-64.22-6. Eligibility requirements for hope communities.In order for a hope community to be eligible to receive incentives under this chapter, in addition to the provisions set forth herein, the tax stabilization agreement must be for a qualified development project resulting in the creation of at least twenty-five (25) new full-time jobs, and the developer must commit a capital investment of not less than five million dollars ($5,000,000.00) towards the project cost.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-7 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-7 - Alternative eligibility requirements.

§ 42-64.22-7. Alternative eligibility requirements.(a) Qualifying communities may receive incentives under this chapter, where the tax stabilization agreement is for a qualified development project involving an adaptive reuse of a recognized historical structure or results in the creation of at least twenty (20) units of residential housing; provided that at least twenty percent (20%) of the residential units are for affordable or workforce housing.(b) Qualifying communities may receive incentives under this chapter, where the tax stabilization agreement is for a qualified development project involving an adaptive reuse of a certified historic structure, if such qualified development project:(i) Has been certified by the state historic preservation officer that the adaptive reuse will be consistent with the standards of the Secretary of the United States Department of the Interior for rehabilitation; and(ii) Results in the creation of at least twenty (20) units of residential housing; provided that at least twenty percent (20%) of the residential units are for affordable or workforce housing.(c) Hope communities may receive incentives under this chapter, where the tax stabilization agreement for a qualified development project results in the creation of at least twenty (20) units of residential housing.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-8 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-8 - Reimbursement.

§ 42-64.22-8. Reimbursement.The aggregate value of all reimbursements approved by the commerce corporation pursuant to this chapter during the eligibility period shall not exceed the lesser of ten (10%) percent of the qualifying and/or hope communities' forgone tax revenue or annual appropriations received by the commerce corporation for the program.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-9 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-9 - Applicability.

§ 42-64.22-9. Applicability.The amounts subject to reimbursement under this chapter shall apply to any real and/or personal property tax abatement provided pursuant to a tax stabilization agreement, granted pursuant to § 44-3-9 of the general laws, after January 1, 2015. The amounts subject to reimbursement shall also include any reduction in the then current real property taxes and/or personal property taxes, as well as a reduction in the prospective amounts that would be due in connection with the completion of the project.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-10 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-10 - Approval.

§ 42-64.22-10. Approval.The commerce corporation's approval of reimbursement to the qualifying or hope communities may be made in accordance with or conditional upon the conditions set forth under § 44-3-9 of the general laws and other guidelines, criteria, and priorities that may be adopted by the commerce corporation. In order to distribute funds under the chapter, the commerce corporation shall enter into an agreement with the community setting forth the terms of the reimbursements subject hereto. The commerce corporation may require communities to provide reports and documentation regarding any reimbursements provided under this chapter.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-11 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-11 - Restrictions.

§ 42-64.22-11. Restrictions.Nothing in this section shall be construed to interfere, restrict or prevent any qualifying community or hope community from granting tax stabilization agreements pursuant to § 44-3-9 of the general laws or other applicable sections of title 44 of the general laws.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-12 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-12 - Implementation guidelines, directives, criteria, rules, regulations.

§ 42-64.22-12. Implementation guidelines, directives, criteria, rules, regulations.(a) The commerce corporation shall establish further guidelines, directives, criteria, rules and regulations in regards to the implementation of this chapter.(b) The adoption and implementation of rules and regulations shall be made pursuant to § 42-35-3 of the general laws as are necessary for the implementation of the commerce corporation's responsibilities under this chapter.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-13 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-13 - Program integrity.

§ 42-64.22-13. Program integrity.Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-14 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-14 - Reporting requirements.

§ 42-64.22-14. Reporting requirements.(a) By September 1, 2016, and each year thereafter, the commerce corporation shall report the name, address, and amount of each stabilization agreement entered into during the previous state fiscal year to the division of taxation.(b) By December 1, 2016, and each year thereafter, the division of taxation shall provide the governor with the sum, if any, to be appropriated to fund the program. The governor shall submit to the general assembly printed copies of a budget including the total of the sums, if any, as part of the governor's budget required to be appropriated for the program created under this chapter.History of Section.P.L. 2015, ch. 141, art. 19, § 5.
RI Gen L § 42-64.22-15 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.22 - Tax Stabilization Incentive|Section 42-64.22-15 - Sunset.

§ 42-64.22-15. Sunset.The commerce corporation shall enter into no agreement under this chapter after December 31, 2022.History of Section.P.L. 2015, ch. 141, art. 19, § 5; P.L. 2018, ch. 47, art. 12, § 4; P.L. 2019, ch. 88, art. 12, § 12; P.L. 2020, ch. 80, art. 1, § 24; P.L. 2021, ch. 162, art. 9, § 6, effective July 6, 2021.
RI Gen L § 42-64.23-1 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-1 - Short title.

§ 42-64.23-1. Short title.This chapter shall be known as the "First Wave Closing Fund Act."History of Section.P.L. 2015, ch. 141, art. 19, § 6.
RI Gen L § 42-64.23-2 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-2 - Legislative findings.

§ 42-64.23-2. Legislative findings.The general assembly finds and declares:(a) It is hereby found and declared that due to long-term and short-term stagnant or declining economic trends in Rhode Island, businesses in the state have found it difficult to make investments that would stimulate economic activity and create new jobs for the citizens of the state. Moreover, such economic trends have caused business closures or out-of-state business relocations, while other out-of-state businesses are deterred from relocating to this state. This situation has contributed to a high rate of unemployment in the state. Consequently, a need exists to promote the retention and expansion of existing jobs, stimulate the creation of new jobs, attract new business and industry to the state, and stimulate growth in real estate developments and/or businesses that are prepared to make meaningful investments and foster job creation in Rhode Island.(b) Through the establishment of a first wave closing fund, Rhode Island can take steps to stimulate business development; retain and attract new business and industry to the state; create good-paying jobs for its residents; assist with business, commercial, and industrial real estate development; and generate revenues for necessary state and local governmental services.History of Section.P.L. 2015, ch. 141, art. 19, § 6.
RI Gen L § 42-64.23-4 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-4 - Establishment of fund - Purposes - Composition.

§ 42-64.23-4. Establishment of fund — Purposes — Composition.(a) There is hereby established the first wave closing fund (the "fund") to be administered by the commerce corporation as set forth in this chapter.(b) The purpose of the fund is to provide lynchpin financing unavailable from other sources, bringing to closure transactions that are of a critical or catalytic nature for Rhode Island's economy and communities.(c) The fund shall consist of:(1) Money appropriated in the state budget to the fund;(2) Money made available to the fund through federal programs or private contributions;(3) Repayments of principal and interest from loans made from the fund;(4) Proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided under this chapter;(5) Application or other fees paid to the fund to process requests for financial assistance;(6) Recovery made by the commerce corporation, or the sale of an appreciated asset in which the commerce corporation has acquired an interest under this chapter; and(7) Any other money made available to the fund.History of Section.P.L. 2015, ch. 141, art. 19, § 6.
RI Gen L § 42-64.23-5 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-5 - Powers of commerce corporation.

§ 42-64.23-5. Powers of commerce corporation.(a) The commerce corporation board shall promulgate regulations setting forth criteria for approving awards under the fund and such criteria shall ensure that awards from the fund are economically advantageous to the citizens of Rhode Island. To qualify for the benefits of this chapter, an applicant shall submit an application to the commerce corporation. Upon receipt of a proper application from an applicant, the commerce corporation board may approve a loan, a conditional grant or other investment. In making each award, the commerce corporation shall consider, among other factors, the:(1) Economic impact of the project, including costs and benefits to the state;(2) The amount of the project financing gap;(3) Strategic importance of the project to the state, region, or locality;(4) Quality and number of jobs produced;(5) Quality of industry and project; and(6) Competitive offers regarding the project from another state or country.(b) The proceeds of the funding approved by the commerce corporation under this chapter may be used for (1) working capital, equipment, furnishings, and fixtures; (2) the construction, rehabilitation, and purchase of real property; (3) as permanent financing; or (4) such other purposes that the commerce corporation approves.(c) The commerce corporation shall have no obligation to make any award or grant any benefits under this chapter.(d) The commerce corporation shall publish a report on the fund at the end of each fiscal year. The report shall contain information on the commitment, disbursement, and use of funds allocated under the fund. The report shall also, to the extent practicable, track the economic impact of projects that have been completed using the fund. The report is due no later than sixty (60) days after the end of the fiscal year, and shall be provided to the speaker of the house of representatives and the president of the senate.History of Section.P.L. 2015, ch. 141, art. 19, § 6.
RI Gen L § 42-64.23-6 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-6 - Implementation guidelines, directives, criteria, rules, regulations.

§ 42-64.23-6. Implementation guidelines, directives, criteria, rules, regulations.The commerce corporation may adopt implementation guidelines, directives, criteria, rules and regulations pursuant to § 42-35-3 of the General Laws as are necessary for the implementation and administration of the fund.History of Section.P.L. 2015, ch. 141, art. 19, § 6.
RI Gen L § 42-64.23-7 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-7 - Program integrity.

§ 42-64.23-7. Program integrity.Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program.History of Section.P.L. 2015, ch. 141, art. 19, § 6.
RI Gen L § 42-64.23-8 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.23 - First Wave Closing Fund|Section 42-64.23-8 - Sunset.

§ 42-64.23-8. Sunset.No financing shall be authorized to be reserved pursuant to this chapter after December 31, 2022.History of Section.P.L. 2015, ch. 141, art. 19, § 6; P.L. 2018, ch. 47, art. 12, § 5; P.L. 2019, ch. 88, art. 12, § 13; P.L. 2020, ch. 80, art. 1, § 25; P.L. 2021, ch. 162, art. 9, § 7, effective July 6, 2021.
RI Gen L § 42-64.24-1 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.24 - I-195 Redevelopment Project Fund|Section 42-64.24-1 - Short title.

§ 42-64.24-1. Short title.This chapter shall be known as the "I-195 Redevelopment Project Fund Act."History of Section.P.L. 2015, ch. 141, art. 19, § 7.
RI Gen L § 42-64.24-2 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.24 - I-195 Redevelopment Project Fund|Section 42-64.24-2 - Legislative findings.

§ 42-64.24-2. Legislative findings.The general assembly finds and declares:(a) That due to global economic trends, businesses in Rhode Island have found it difficult to invest in development projects and other significant capital investments in and surrounding the I-195 land within the city of Providence. Investment in such projects would stimulate economic activity, facilitate the creation of new jobs for the citizens of the state and promote economic growth and development.(b) Through the establishment of the I-195 redevelopment project fund, Rhode Island can take steps to attract and grow new businesses and industries to and for the state; create good-paying jobs for its residents; assist with business and real estate development; and generate revenues for necessary state and local governmental services.History of Section.P.L. 2015, ch. 141, art. 19, § 7.
RI Gen L § 42-64.24-4 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.24 - I-195 Redevelopment Project Fund|Section 42-64.24-4 - Establishment of the fund - Uses - Composition.

§ 42-64.24-4. Establishment of the fund — Uses — Composition.(a) The I-195 Redevelopment Project Fund (the "fund") is hereby established under the jurisdiction of and shall be administered by the commission in order to further the goals set forth in Chapter 42-64.14 of the general laws and to promote, among other purposes, the development and attraction of advanced industries and innovation on and near the I-195 land in order to enhance Rhode Island's economic vitality.(b) The uses of the fund include but are not limited to:(1) Contributing to capital investment requirements for anchor institutions or other catalytic project components chosen in accordance with a vision developed, by the commission for location on the I-195 land, adjacent and proximate parcels;(2) Filling project financing gaps for real estate projects on the I-195 land, adjacent and proximate parcels;(3) Financing land acquisition in areas adjacent to and proximate to the I-195 land including street rights of way and abandonment costs;(4) Financing public infrastructure and public facilities to support or enhance development including, but not limited to, transportation, parks, greenways, performance venues, meeting facilities, community facilities, and public safety precincts.(c) This statute shall not be construed as authorizing expenditure from this fund for the purpose of financing a stadium or other such facility built primarily for sporting activity.(d) The fund shall consist of:(1) Money appropriated in the state budget to the fund;(2) Money made available to the fund through federal programs or private contributions;(3) Repayments of principal and interest from loans made from the fund;(4) Proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided under this chapter;(5) Application or other fees paid to the fund to process requests for financial assistance;(6) Recovery made by the commission or on the sale of an appreciated asset in which the commission has acquired an interest under this chapter; and(7) Any other money made available to the fund.History of Section.P.L. 2015, ch. 141, art. 19, § 7.
RI Gen L § 42-64.24-5 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.24 - I-195 Redevelopment Project Fund|Section 42-64.24-5 - Assistance - Powers of commission - Reports.

§ 42-64.24-5. Assistance — Powers of commission — Reports.(a) An applicant seeking assistance under this chapter shall submit a request to the commission pursuant to an application procedure prescribed by the commission.(b) Any approval for funding under this chapter may only be granted by the commission and shall require the concurrence of the secretary of commerce.(c) The commission may set the terms and conditions for assistance under this chapter. Except as provided in subsection (b) of this section, any decision to grant or deny such assistance lies within the sole discretion of the commission.(d) The commission shall publish a report on the fund at the end of each fiscal year. The report shall contain information on the commitment, disbursement, and use of funds allocated under the fund. The report shall also, to the extent practicable, track the economic impact of projects that have been completed using the fund. The report is due no later than sixty (60) days after the end of the fiscal year, and shall be provided to the speaker of the house of representatives, the president of the senate and the secretary of commerce.History of Section.P.L. 2015, ch. 141, art. 19, § 7.
RI Gen L § 42-64.24-6 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.24 - I-195 Redevelopment Project Fund|Section 42-64.24-6 - Implementation guidelines, directives, criteria, rules, regulations.

§ 42-64.24-6. Implementation guidelines, directives, criteria, rules, regulations.The commission shall adopt implementation guidelines, directives, criteria, rules and regulations pursuant to § 42-35-3 of the general laws as are necessary for the implementation of the commission's responsibilities under this chapter and impose such fees and charges as are necessary to pay for the administration and implementation of this program.History of Section.P.L. 2015, ch. 141, art. 19, § 7.
RI Gen L § 42-64.24-7 (2021)
2021 Rhode Island General Laws|Title 42 - State Affairs and Government|Chapter 42-64.24 - I-195 Redevelopment Project Fund|Section 42-64.24-7 - Program integrity.

§ 42-64.24-7. Program integrity.Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program.History of Section.P.L. 2015, ch. 141, art. 19, § 7.