Rhode Island General Laws 45-38-3. Powers
In addition to any other powers which it may now have, and notwithstanding any law to the contrary, the state and any municipality have, without any other authority, the following powers:
(1) To acquire by gift, from a nonbusiness corporation formed under the provisions of chapter 6 of Title 7, one or more educational facilities located within this state, and which may be located within or partially within the municipality.
(2) To lease to any educational institution within the state any or all of its educational facilities for rentals and upon terms and conditions and for a period or periods that the governing body of the appropriate municipality may deem advisable or, in respect of the state, or a department, board, body, or commission of the state, as the governor may deem advisable; provided, that the lease or leases require that the payment of all costs of operation, maintenance, and upkeep of the educational facilities will be paid by the lessee, sublessee, or occupant and that under no circumstance will the state or municipality be obligated, directly or indirectly, for the payment of those costs.
(3) To sell and convey all or any part of any educational facility owned by it at a public or private sale, with or without advertisement, and to do all acts necessary to the accomplishment of sale or conveyance.
History of Section.
P.L. 1965, ch. 199, § 1.
Terms Used In Rhode Island General Laws 45-38-3
- 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.
- Educational facility: means one or more structures suitable for use as a dormitory or other housing facility, dining hall, student union, administration building, academic building, library, laboratory, research, classroom, maintenance or storage or utility facility, and other structures or facilities related thereto or required for the instruction of students or the conducting of research or the operation of an educational institution, including parking and other facilities or structures essential or convenient for the orderly conduct of the educational institution, and also including equipment and machinery and other similar items necessary or convenient for the operations of a particular facility or structure in the manner for which its use is intended, but not including such items as books, fuel, supplies, or other items which are customarily deemed to result in a current operating charge. See Rhode Island General Laws 45-38-2
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Governing body: means the board or body in which the general legislative powers of the municipality are vested. See Rhode Island General Laws 45-38-2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Municipality: means any city or town in the state. See Rhode Island General Laws 45-38-2