Rhode Island General Laws 39-16-18. Right to alter, amend, or repeal chapter
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The right to alter, amend, or repeal this chapter is hereby expressly reserved, but no such alteration, amendment, or repeal shall operate to impair the obligation of any contract made by the authority under any power conferred by this chapter.
History of Section.
P.L. 1946, ch. 1740, § 9; G.L. 1956, § 39-16-18.
Terms Used In Rhode Island General Laws 39-16-18
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Authority: means the corporation created by § 39-16-3. See Rhode Island General Laws 39-16-1
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.