Rhode Island General Laws 42-117-4. Request for status as a project of critical economic concern
A person through the governor may apply to the Rhode Island economic development corporation and request that his or her project be classified as a project of critical economic concern. The Rhode Island economic development corporation shall render a written decision on the request within forty-five (45) days of the filing and receipt of the request. If the project is found to be a project of critical economic concern, the Rhode Island economic development corporation may issue a certificate of critical economic concern. A certificate of critical economic concern shall expire two (2) years from the date of issuance. However, a certificate of critical economic concern may be extended for an additional period of two (2) years at the discretion of the executive director of the Rhode Island economic development corporation.
History of Section.
P.L. 1991, ch. 346, § 1; P.L. 1992, ch. 477, § 1; P.L. 2001, ch. 37, § 1; P.L. 2001, ch. 147, § 1.
Terms Used In Rhode Island General Laws 42-117-4
- 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.
- Person: means any natural person, company, corporation, partnership, or any type of business entity. See Rhode Island General Laws 42-117-3
- Project of critical economic concern: means an undertaking designated by the economic development corporation to be significant, in its operational stage, by its ability to enhance, promote and encourage business, commerce, and industry in Rhode Island and to stimulate jobs and relieve underemployment and unemployment in Rhode Island. See Rhode Island General Laws 42-117-3