Rhode Island General Laws 37-7-1. Rental of acquired land pending application to public use
The acquiring authority with the approval of the state properties committee is authorized, whenever title to land and other real property is acquired by the state by purchase, gift, devise, or condemnation, to rent the land or any building or buildings thereon not reserved by the vendor, donor, or devisor until the use of the land or the removal of the structures becomes necessary to the purpose for which the land or other real property is acquired. The amount to be charged for rental shall in each instance be approved by the state purchasing agent and the receipts therefor shall be deposited with the general treasurer.
History of Section.
P.L. 1953, ch. 3105, § 14; G.L. 1956, § 37-7-1; P.L. 1968, ch. 257, § 2.
Terms Used In Rhode Island General Laws 37-7-1
- Devise: To gift property by will.
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.