(a)  The Rhode Island commerce corporation may establish one or more local or regional community advisory committees to consider and advise the corporation upon matters submitted to them by the corporation concerning the development of any area or any project, and may establish rules and regulations with respect to those committees. The community advisory committees shall include, as members ex officio, the mayors of the cities and the presidents of the town councils of the cities and towns, respectively, situated in the area with respect to which the community advisory committees are established. Those members shall serve at the pleasure of the corporation and without salary, but shall be entitled to reimbursement for their actual and necessary expenses incurred in the performance of their duties.

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Terms Used In Rhode Island General Laws 42-64-12

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Ex officio: Literally, by virtue of one's office.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: means the state of Rhode Island. See Rhode Island General Laws 42-64-3
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9

(b)  The corporation may purchase from, sell to, borrow from, loan to, contract with, or otherwise deal with any corporation, trust, association, partnership, or other entity in which any member of a community advisory committee has a financial interest, direct or indirect, provided that the interest is disclosed in the minutes of the corporation.

(c)  Notwithstanding any provision of law, general, special, or local, no officer or employee of the state or of any agency thereof shall be deemed to have forfeited or shall forfeit his or her office or employment by reason of his or her acceptance of membership on a community advisory committee.

History of Section.
P.L. 1974, ch. 100, § 14; P.L. 2013, ch. 243, § 3; P.L. 2013, ch. 490, § 3.