Rhode Island General Laws 1-2-8. Sale of improvements – Proceeds of sales and leases
Current as of: 2024 | Check for updates
|
Other versions
As provided in § 37-7-5, the department of transportation has the power, with the approval of the state properties committee, to sell any buildings or improvements located on any land and not required for the purpose of this chapter, and all proceeds arising from any sale and all income from any lease or concession shall be turned over to the general treasurer for the use of the state.
History of Section.
P.L. 1929, ch. 1353, § 7; G.L. 1938, ch. 110, § 8; impl. am. P.L. 1939, ch. 660, § 261; impl. am. P.L. 1953, ch. 3105, § 18; G.L. 1956, § 1-2-8.
Terms Used In Rhode Island General Laws 1-2-8
- 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