Rhode Island General Laws 45-58-3. Statement of purpose
This chapter is intended to: (1) Establish the Pascoag utility district as the successor to the utility functions fulfilled prior to April 4, 2001, by the Pascoag fire district; (2) Provide for the orderly separation and transfer of those utility functions and related utility assets and utility bond obligations (without impairment thereof) from the Pascoag fire district to the utility district; (3) Provide for the retention and fulfillment of the fire protection functions and fire protection assets of the Pascoag fire district by the fire district; and (4) Authorize and enable the utility district to provide such other utility products and services as may be authorized, from time to time, by the utility district’s board of utility commissioners.
History of Section.
P.L. 2001, ch. 12, § 1; P.L. 2001, ch. 47, § 1; P.L. 2015, ch. 77, § 2; P.L. 2015, ch. 90, § 2.
Terms Used In Rhode Island General Laws 45-58-3
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fire district: means the Pascoag fire district created by the act passed at the May session 1887, entitled "An Act to Incorporate the Pascoag Fire District" as thereafter amended and supplemented from time to time. See Rhode Island General Laws 45-58-2
- Fire protection assets: means that real property, facilities, equipment, statutory rights and privileges, and other tangible or intangible property of any kind whatever used in, or useful to, the conduct of the fire protection and prevention operations conducted prior to, on and after April 4, 2001 by the fire district. See Rhode Island General Laws 45-58-2
- Utility bond obligations: means the obligations represented by and inherent in any revenue or general obligation bond issued by the Pascoag fire district prior to April 4, 2001 for the purpose of financing any aspect of its electric or water utility system or operations, which obligations remain outstanding in any part as of April 4, 2001. See Rhode Island General Laws 45-58-2
- Utility district: means the Pascoag utility district, a quasi-municipal corporation, district and political subdivision of the state established and empowered by this chapter to:
(i) Succeed to and fulfill the electric and water utility functions, powers, rights, property and obligations heretofore held and fulfilled by the Pascoag fire district created by the act passed at the May session 1887, entitled "An Act to Incorporate the Pascoag Fire District" as thereafter amended and supplemented from time to time;
(ii) Exercise certain additional powers as a water supplier, an electric distribution company and as a nonregulated power producer; and
(iii) To provide additional utility services not inconsistent with the duties, powers and obligations of the utility district as defined in this section. See Rhode Island General Laws 45-58-2