Rhode Island General Laws 42-128.3-6. Assistance to municipalities
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The coordinating committee is authorized and empowered, at its discretion, to provide all manner of support and assistance to municipalities in connection with fostering local housing production, including, but not limited to:
(1) Providing technical assistance for the preparation, adoption, or implementation of laws, regulations, or processes related to residential development; and
(2) Authorizing the Rhode Island housing and mortgage finance corporation to issue school impact offset payments to participating municipalities.
History of Section.
P.L. 2021, ch. 162, art. 14, § 5, effective July 6, 2021.
Terms Used In Rhode Island General Laws 42-128.3-6
- Coordinating committee: means the Rhode Island housing resources coordinating committee established pursuant to § 42-128-2(2). See Rhode Island General Laws 42-128.3-4
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- School impact offset payments: means a payment to a city or town to help offset increased municipal costs of educating eligible students. See Rhode Island General Laws 42-128.3-4