reglab/housing_qa huggingface dataset:
RI Gen L § 45-50-5.1 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-5.1 - Compliance with laws and contractual obligations.

§ 45-50-5.1. Compliance with laws and contractual obligations.The authority and its members are under a statutory duty to comply or to cause compliance strictly with all provisions of this title and the laws of the state, and in addition thereto, with each and every term, provision, and covenant in any contract of the authority on its part to be kept or performed.History of Section.P.L. 1989, ch. 466, § 2.
RI Gen L § 45-50-5.2 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-5.2 - Interest of members or employees in property.

§ 45-50-5.2. Interest of members or employees in property.No member or employee of an authority shall acquire any direct interest in any project or in any property included or planned to be included in any project, nor shall he or she have any direct or indirect interest in any contract or proposed contract for materials or services to be furnished or used in connection with any project. If any member or employee of an authority owns or controls a direct or indirect interest in any property, included or planned to be included in any project, he or she shall immediately disclose the interest, in writing, to the authority and the disclosure shall be entered upon the minutes of the authority. Failure to disclose the interest constitutes misconduct in office.History of Section.P.L. 1989, ch. 466, § 2.
RI Gen L § 45-50-5.3 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-5.3 - Evaluation and approval.

§ 45-50-5.3. Evaluation and approval.Except as stated in this chapter, the board created in chapter 10.1 of title 42 shall evaluate all proposals for the issuance of bonds, general obligations, and/or revenue, prior to the issuance of the bonds. General obligation bonds and revenue bonds, including any temporary notes sought to be issued in conjunction with this chapter, shall not be issued by any municipal public building authority created after December 31, 1988, without the prior approval of the board.History of Section.P.L. 1989, ch. 466, § 2.
RI Gen L § 45-50-6 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-6 - Tenure of authority members.

§ 45-50-6. Tenure of authority members.The members who are first appointed shall be designated to serve for terms of one, two (2), three (3), four (4), and five (5) years, respectively. Thereafter, members shall be appointed as aforesaid for a term of office of five (5) years, except that all vacancies occurring during a term shall be filled for the unexpired term. A member shall hold office until his or her successor has been appointed and qualified; provided, however, that the provisions of this section shall not apply to an authority authorized pursuant to § 45-50-3(c), in which case the public law providing for the exercise of the powers of the authority by a body corporate and politic shall apply and be considered definitive.History of Section.P.L. 1987, ch. 475, § 1; P.L. 2003, ch. 344, § 5; P.L. 2003, ch. 345, § 5.
RI Gen L § 45-50-7 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-7 - Officers and quorums.

§ 45-50-7. Officers and quorums.The authority shall elect one of its members as chairperson and another as vice chairperson and shall also elect a secretary and a treasurer. Three (3) members of the authority constitutes a quorum and the vote of three (3) members is necessary for any action taken by the authority. No vacancy in the membership of the authority shall impair the right of a quorum to exercise all the rights and perform all the duties of the authority; provided, however, that the provisions of this section shall not apply to an authority authorized pursuant to § 45-50-3(c), in which case the public law providing for the exercise of the powers of the authority by a body corporate and politic shall apply and be considered definitive.History of Section.P.L. 1987, ch. 475, § 1; P.L. 2003, ch. 344, § 5; P.L. 2003, ch. 345, § 5.
RI Gen L § 45-50-8 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-8 - Reimbursement for expenses.

§ 45-50-8. Reimbursement for expenses.The members shall receive no compensation for the performance of their duties under this chapter, but each member shall be reimbursed for his or her reasonable expenses incurred in carrying out his or her duties under this chapter.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-11 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-11 - Credit of state, political subdivisions, and authority not pledged.

§ 45-50-11. Credit of state, political subdivisions, and authority not pledged.(a) Revenue bonds issued under the provisions of this chapter are not deemed to constitute a debt or a pledge of the faith and credit of the state or the municipality, but are payable solely from the funds provided therefor from revenues. All revenue bonds shall contain on the face a statement to the effect that neither the state nor the municipality nor the authority is obligated to pay the bonds or their interest except from revenues of the project or projects on account of which the bonds are issued, and that neither the faith and credit nor the taxing power of the state or the municipality is pledged to the payment of the principal of or the interest on the bonds.(b) All expenses incurred in carrying out the provisions of this chapter are payable solely from funds provided under the provisions of this chapter.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-15 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-15 - Trust agreements.

§ 45-50-15. Trust agreements.In the discretion of the authority, any bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. The trust agreement or the resolution providing for the issuance of the bonds may pledge or assign the revenues to be received, and may convey or mortgage or grant a security interest in any project or any part of it or any combination of projects or parts of them. The trust agreement or resolution providing for the issuance of the bonds may contain provisions for protecting and enforcing the rights and remedies of the bondholders or noteholders as may be reasonable and proper and not in violation of law, including covenants stating the duties of the authority in relation to the acquisition of property and the construction, improvement, maintenance, repair, operation, and insurance of the project or projects in connection with which the bonds have been authorized, the custody, safeguarding, and application of all moneys, and conditions or limitations with respect to the issuance of additional bonds. It is lawful for any bank or trust company incorporated under the laws of the state which may act as depository of the proceeds of bonds or of revenues to furnish indemnifying bonds or to pledge securities as may be required by the authority. Any trust agreement may state the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders. In addition to the preceding, any trust agreement or resolution may contain any other provisions that the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of the trust agreement or resolution may be treated as a part of the authority's cost of operation and maintenance.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-16 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-16 - Revenues.

§ 45-50-16. Revenues.(a) The authority is authorized and empowered to fix, revise, and collect from time to time, subject to the provisions of this chapter, fees, rentals, and other charges for the use of projects of, or the services rendered by, the authority to pay:(1) The cost of maintaining, repairing, and operating the project or projects or portion or portions of them; and(2) The principal of, premium, if any, and interest on the bonds and notes as the bonds and notes become due and payable, and to create reserves for these purposes.(b) The fees, rentals, and other charges are not subject to supervision or regulation by any commission, board, bureau, or agency of the state or of any municipality or other political subdivision of the state.(c) The revenues derived from the project or projects or portion or portions of them, in connection with which the bonds or notes have been issued, may be pledged as provided in the resolution or the trust agreement. The pledge is valid and binding from the time when the pledge is made; the rentals, revenues, or other moneys pledged, and received by the authority, are immediately subject to the lien of the pledge without any physical delivery or further act, and the lien of any pledge is valid and binding against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether the parties have notice of the claims. Neither the resolution nor any trust agreement by which a pledge is created need be filed or recorded except in the records of the authority. The use and disposition of revenues are subject to the provisions of the resolution authorizing the issuance of the bonds or the trust agreement.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-17 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-17 - Trust funds.

§ 45-50-17. Trust funds.All moneys received pursuant to the provisions of this chapter, whether as proceeds from the sale of bonds or as revenues, are deemed to be trust funds to be held and applied as may be provided in the resolution authorizing the issuance of the bonds or the trust agreement securing the bonds. The authority shall, in the resolution authorizing the bonds or in the trust agreement securing the bonds, provide for the payment of the proceeds of the sale of the bonds and the revenues to be received to a trustee, which is any trust company or bank having the powers of a trust company within or without the state, which acts as trustee of the funds and holds and applies the funds to the purposes of this chapter, subject to regulations that this chapter and the resolution or trust agreement may provide.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-18 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-18 - Remedies.

§ 45-50-18. Remedies.Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining to them, and the trustee under the trust agreement or the resolution, except to the extent the rights given by this chapter may be restricted by the trust agreement or the resolution, may by civil action, mandamus, or other proceeding, protect and enforce any and all rights under the laws of the state or granted under this chapter or under the trust agreement or the resolution authorizing the issuance of the bonds, and may enforce and compel the performance of all duties, required by this chapter or by the trust agreement or resolution, to be performed by the authority or by any officer of the authority, including the fixing, charging, and collection of fees, rentals, and other charges.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-19 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-19 - Exemptions from taxation.

§ 45-50-19. Exemptions from taxation.The exercise of the powers granted by this chapter are, in all respects, for the benefit of the people of the municipality and the state of Rhode Island and for the facilitation of the conduct of their public business; and as the acquisition, construction, operation, and maintenance by the authority of the projects defined in this chapter constitute the performance of essential governmental functions, the authority is not required to pay any taxes or assessments upon the projects or upon any property acquired or used by the authority under the provisions of this chapter, or upon the income from the projects, or any other state or local tax of any kind or description, nor is the authority be required to pay any recording fee or transfer tax of any kind or description, and the bonds, issued under the provisions of this chapter, their transfer, and the income therefrom (including any profit made on the sale of the bonds) are at all times free from taxation by the state or any political subdivision or other instrumentality of the state, excepting estate taxes; and the authority shall pay property taxes and assessments on its properties located outside the boundaries of the city or town whose council established the authority.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-20 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-20 - Bonds eligible for investment.

§ 45-50-20. Bonds eligible for investment.Bonds issued by the authority under the provisions of this chapter are made securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, credit unions, building and loan associations, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. The bonds are made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations is now or may hereafter be authorized by law.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-21 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-21 - Negotiable instruments.

§ 45-50-21. Negotiable instruments.Notwithstanding any of the preceding provisions of this chapter or any recitals in any bonds issued under the provisions of this chapter, all bonds are deemed to be negotiable instruments under the laws of this state.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-22 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-22 - Refunding bonds.

§ 45-50-22. Refunding bonds.The authority is authorized to provide for the issuance of refunding bonds of the authority for the purpose of refunding any bonds then outstanding which have been issued under the provisions of this chapter, including the payment of any redemption premium or interest accrued or to accrue to the earliest or subsequent date of redemption purchase or maturity of the bonds, and, if deemed advisable by the authority, for the additional purpose of paying all or part of the cost of acquiring, constructing, reconstructing, rehabilitating, or improving any project. The proceeds of bonds or notes issued for the purpose of refunding outstanding bonds or notes may be applied, in the discretion of the authority, to the purchase, retirement at maturity, or redemption of the outstanding bonds or notes, either on their earliest or a subsequent redemption date, and may, pending that application, be placed in escrow. Any escrowed proceeds may be invested and reinvested in obligations of or guaranteed by the United States of America, or in certificates of deposit, time deposits, or repurchase agreements fully secured or guaranteed by the state or the United States, or an instrumentality of either, maturing at a time or times appropriate to assure the prompt payment, as to principal, interest, and redemption premium, if any, of the outstanding bonds or notes to be so refunded. After the terms of the escrow have been fully satisfied and carried out, any balance of the proceeds and interest, income, and profits, if any, earned or realized on the investments, may be returned to the authority for use by it in furtherance of its purposes. The portion of the proceeds of bonds or notes issued for the additional purpose of paying all or part of the cost of acquiring, constructing, reconstructing, rehabilitating, developing, or improving any project may be invested and reinvested in obligations, securities, and other investments consistent, herewith, as shall be specified in the resolutions under which the bonds are authorized, and which shall mature not later than the times when the proceeds will be needed for these purposes. The interest, income, and profits, if any, earned or realized on the investments, may be applied to the payment of all parts of the costs, or may be used by the authority otherwise in furtherance of its purposes. The issuance of the bonds, the maturities, and other details, the rights of the holders, and the rights, duties, and obligations of the authority, in respect to the bonds, are governed by the provisions of this chapter insofar as the provisions may be applicable.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-23 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-23 - Use of projects.

§ 45-50-23. Use of projects.The use of the facilities of the authority and the operation of its business are subject to the rules and regulations from time to time adopted by the authority; provided, that the authority not authorized to do anything which will impair the security of the holders of the obligations of the authority or violate any agreements with them or for their benefit.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-24 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-24 - Limitation of powers.

§ 45-50-24. Limitation of powers.The state pledges to and agrees with any person, firm, or corporation, or federal agency subscribing to or acquiring the bonds to be issued by the authority for the construction, extension, improvement, equipping, furnishing, or enlargement of any project or part of it, that the state will not limit or alter the rights vested in the authority until all bonds at any time issued, together with their interest, are fully met and discharged. The state does further pledge to and agree with the United States, and any other federal agency, that in the event that any federal agency constructs or contributes any funds for the construction, extension, improvement, equipping, furnishing, or enlargement of any project, or any portion of it, the state will not alter or limit the rights and powers of the authority in any manner which would be inconsistent with the due performance of any agreements between the authority and the federal agency; and the authority continues to have and may exercise all powers granted by this chapter, so long as the powers are necessary or desirable for the carrying out of the purposes of this chapter.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-25 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-25 - Actions authorized by resolution.

§ 45-50-25. Actions authorized by resolution.Any action taken by the authority under the provisions of this chapter may be authorized by resolution at any regular or special meeting, and each resolution shall take effect immediately and need not be published or posted.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-26 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-26 - Annual report and audit.

§ 45-50-26. Annual report and audit.Within one hundred twenty (120) days from the close of its fiscal year, the authority shall make an annual report to the chief executive officer and legislative body of the municipality of its activities for the preceding fiscal year. Each report shall present a complete operating and financial statement covering its operations during the year. The authority shall cause an annual audit of the books, records, and accounts of the authority to be made, and the costs shall be treated as a part of the cost of operation.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-27 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-27 - Transfer of project to governmental body.

§ 45-50-27. Transfer of project to governmental body.When all bonds issued under the provisions of the chapter for each specific project and its interest have been paid, or a sufficient amount for the payment of all the bonds and their interest to the maturity of the bonds have been set aside in trust for the benefit of the bondholders, that specific project financed under the provisions of this chapter may be transferred to the municipality leasing the project on terms and conditions and for consideration that the authority determines. If the authority is dissolved all funds of the authority not required for the payment of bonds shall be paid to the treasurer of the municipality in which the authority is established for the use of the municipality, and all property belonging to the authority shall be vested in the municipality and delivered to it. No part of the net earnings of the authority shall be distributable to, or inure to the benefit of, any private person.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-28 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-28 - Inconsistent provisions.

§ 45-50-28. Inconsistent provisions.Insofar as the provisions of this chapter are inconsistent with the provisions of any charter or other laws or ordinances, general, special, or local, or of any rule or regulation of the state or any municipality, the provisions of this chapter are controlling.History of Section.P.L. 1987, ch. 475, § 1.
RI Gen L § 45-50-29 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-50 - Municipal Public Buildings Authorities|Section 45-50-29 - Applicability of other laws.

§ 45-50-29. Applicability of other laws.This chapter shall be construed to provide a complete, additional, and alternative method for doing the things authorized by this chapter, and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds, notes, and other obligations of the authority under the provisions of this chapter need not comply with the requirements of any other provisions of any charter or other laws, general, special, or local, or of any rule or regulation of the state or any municipality applicable to the issuance of bonds. No proceedings or notice or approval are required for the issuance of any bonds or any instrument of security for the bonds except as provided in this chapter.History of Section.P.L. 1987, ch. 475, § 1.