Terms Used In Rhode Island General Laws > Chapter 42-128.3 - Housing Incentives for Municipalities

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Coordinating committee: means the Rhode Island housing resources coordinating committee established pursuant to § 42-128-2(2). See Rhode Island General Laws 42-128.3-4
• 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.
• Housing incentive district: means an overlay district adopted by a city or town pursuant to this chapter. See Rhode Island General Laws 42-128.3-4
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• School impact offset payments: means a payment to a city or town to help offset increased municipal costs of educating eligible students. See Rhode Island General Laws 42-128.3-4
• 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