(a)  There is hereby created a “Housing and Conservation Trust Study Commission” with thirteen (13) members as follows: the presiding officer, or the designee of the presiding officer, of the Audubon Society of Rhode Island, Church Community Housing Corporation, Grow Smart Rhode Island, the Housing Network, the Rhode Island Association of Realtors, the Rhode Island Association of Public Housing Authorities, the Rhode Island Builders Association, the Rhode Island Chapter of the American Planning Association, the Rhode Island Council of Land Trusts, the Rhode Island Housing and Mortgage Finance Corporation, the Rhode Island Housing Resources Commission, the Rhode Island League of Cities and Towns, and The Nature Conservancy. The representative of Grow Smart Rhode Island shall call the organizational meeting of the commission, and the commission shall elect from its members a chairperson, a vice chairperson and a secretary.

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Terms Used In Rhode Island General Laws 42-113-11

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fund: means the Rhode Island housing and conservation trust fund established by this chapter. See Rhode Island General Laws 42-113-3
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.

(b)  The purposes of the commission shall be:

(1)  To study the potential contribution of land trust mechanisms to the development of low and moderate income housing, to evaluate appropriate organization structures and financing mechanisms for such land trusts in Rhode Island, and assess the potential and viability of the housing and conservation trust fund established by this chapter; and

(2)  To report its findings and recommendations to the governor, the speaker of the house and the senate president by February 1, 2006.

(c)  The commission shall terminate on July 31, 2006.

History of Section.
P.L. 2004, ch. 286, § 4; P.L. 2004, ch. 324, § 4; P.L. 2005, ch. 139, § 1; P.L. 2005, ch. 297, § 1.