Rhode Island General Laws 45-54-2. Legislative findings
(a) It has been widely reported that the United States has need for a detention facility to be located within the state of Rhode Island.
Terms Used In Rhode Island General Laws 45-54-2
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8
(b) It is declared that a need for economic development projects exists within the state and that the development of a detention facility would help to meet the need for economic development and address the detention facility needs of the United States.
(c) It is further declared that the most efficient and effective method to further the public policy of the state to encourage the development and construction of a detention facility and other authorized projects is to permit the establishment of public corporations in each of the cities and towns of the state with the power to acquire, construct, erect, maintain, operate, manage, and lease land, buildings, and improvements to be used for a detention facility and other authorized projects.
(d) Any corporation created under this chapter is subject to the provisions of chapter 2 of Title 38 and chapter 46 of Title 42 and, in addition, the directors of the corporation are subject to the provisions of chapter 14 of Title 36.
History of Section.
P.L. 1991, ch. 421, § 1.