(a)  The powers, duties and responsibilities of the Rhode Island economic development corporation for improving, using, managing, selling, conveying, mortgaging, exchanging, transferring or otherwise, disposing real and personal property located in the town of North Kingstown known as the Quonset Point/Davisville industrial park, including, but not limited to, former Navy lands associated with the Quonset Point naval air station and the Davisville naval construction battalion are hereby transferred to the Quonset Development Corporation as may be mutually agreeable to the corporation and the Quonset Development Corporation.

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Terms Used In Rhode Island General Laws 42-64-7.12

  • 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.
  • 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 powers, duties, and responsibilities of the corporation to improve, operate, manage and regulate utilities associated with Quonset Point/Davisville industrial park are hereby transferred to the Quonset Development Corporation.

(c)  The functions of the Quonset Davisville Management Corporation, established pursuant to § 42-64-7.1(a)(2)(i) are hereby transferred to the Quonset Development Corporation.

History of Section.
P.L. 2004, ch. 351, § 2; P.L. 2004, ch. 360, § 2.