Rhode Island General Laws 42-64.1-4. Economic development project plan
The Rhode Island economic development corporation may initiate an economic development project by adopting an economic development project plan in accordance with the provisions of this chapter, the Rhode Island Economic Development Corporation Act, chapter 64 of this title, and any regulations of the economic development corporation. A project plan may be amended from time to time and may include:
(1) A general description of the land within the project area;
(2) A general description of the present condition and uses of the land and any improvements on the land;
(3) A general description of the land uses or building uses proposed by the economic development corporation for the project area; and
(4) Any other items as the port authority may, in its discretion, deem appropriate.
History of Section.
P.L. 1979, ch. 157, Part II, § 1; P.L. 1995, ch. 370, art. 12, § 9.
Terms Used In Rhode Island General Laws 42-64.1-4
- 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.
- Economic development project: means a project undertaken by the economic development corporation for the acquisition, improvement and development of land and facilities thereon, for sale or lease to, and use by private industry and business (or for the discharge of indebtedness incurred by the port authority in connection with the foregoing activities) and shall include, without limiting the generality of the foregoing, the development of industrial parks, the acquisition of lands, buildings and other improvements, the installation, construction or reconstruction of site improvements, utilities, sewerage and water lines and systems, water towers, roads, rights-of-way, easements, engineering services, and other expenses related to the acquisition, improvement, and disposition of the project. See Rhode Island General Laws 42-64.1-3
- Project area: means the area within which the development project is located. See Rhode Island General Laws 42-64.1-3
- Rhode Island economic development corporation: means the public corporation and governmental agency and instrumentality of the state created pursuant to the Rhode Island Economic Development Corporation Act, or any subsidiary corporation approved by the general assembly. See Rhode Island General Laws 42-64.1-3