(a)  Within three (3) months of the submission of a substantially complete application, the state agency must render a written report on the status of the application. The report shall contain information, which will enable the person to make a sound business decision as to whether or not to pursue the application. The report shall be sent to the applicant.

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Terms Used In Rhode Island General Laws 42-117-6

  • 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.
  • Person: means any natural person, company, corporation, partnership, or any type of business entity. See Rhode Island General Laws 42-117-3
  • State agency: means any office, department, board, commission, bureau, division, authority, public corporation, agency, or instrumentality of the state. See Rhode Island General Laws 42-117-3

(b)  If the application is not granted, then the state agency shall on the fourth, fifth, and sixth months of the anniversary of submission render a written report on the status of the application. If at the end of the sixth month, a decision has not been rendered on the application, then, in addition to the applicant, a copy of the written report shall be rendered monthly thereafter to the governor and the Rhode Island economic development corporation until a decision to accept or reject the application has been made.

History of Section.
P.L. 1991, ch. 346, § 1; P.L. 2001, ch. 37, § 1; P.L. 2001, ch. 147, § 1.