Rhode Island General Laws 45-18-2. Reports by fire company to council
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Any volunteer fire company or organization may be required to present to the town or city council, whenever receiving any money or appropriated funds, a detailed statement of its assets and liabilities and an estimate of the probable current or operating expenses for a given period, and any other information about its financial condition that the town or city council may require.
History of Section.
G.L. 1923, ch. 47, § 27; P.L. 1929, ch. 1373, § 1; G.L. 1938, ch. 329, § 33; G.L. 1956, § 45-18-2.
Terms Used In Rhode Island General Laws 45-18-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9