Rhode Island General Laws 24-12-38. Covenant against competition
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The state covenants and agrees with the holders of any bonds or obligations of the authority that the state will not authorize or permit the construction, operation, and maintenance of any additional facility for the transportation of passenger vehicles by any person or body other than the authority within a distance of ten (10) miles in either direction from any project financed by the authority under the provisions of this chapter.
History of Section.
P.L. 1960, ch. 219, §§ 1, 20.
Terms Used In Rhode Island General Laws 24-12-38
- Additional facility: means any bridge, approach or feeder road, highway, road, freeway, tunnel, overpass, underpass, parking facility or toll facility, in the state, equipment or signal and information system, which the authority is authorized by this chapter or any other law to construct, reconstruct, renovate, acquire, maintain, repair, operate, or manage after May 3, 1954 or any portion thereof. See Rhode Island General Laws 24-12-1
- Authority: means the Rhode Island turnpike and bridge authority created by § 24-12-2, or, if the authority shall be abolished, the board, body, or commission succeeding to the principal functions thereof or upon whom the powers given by the chapter to the authority shall be given by law. See Rhode Island General Laws 24-12-1
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Project: means the "Newport Bridge" "Mount Hope Bridge" "Sakonnet River Bridge" "Jamestown Verrazzano Bridge" the "turnpike" or any "additional facility" as the case may be, or any portion thereof which may be financed, acquired or leased under the provisions of this chapter. See Rhode Island General Laws 24-12-1