§ 45-33.2-1 Short title
§ 45-33.2-2 Legislative findings
§ 45-33.2-3 Definitions
§ 45-33.2-3.1 Additional definitions
§ 45-33.2-4 Adoption of project plan
§ 45-33.2-5 Authorization to undertake projects – Powers
§ 45-33.2-6 Issuance of special obligation bonds
§ 45-33.2-7 Security for bonds – Trust agreements
§ 45-33.2-8 Pledge of project revenues validated
§ 45-33.2-9 Temporary anticipation notes
§ 45-33.2-10 Refunding bonds
§ 45-33.2-11 Credit of municipality not pledged
§ 45-33.2-12 Investment of funds
§ 45-33.2-13 Trust funds
§ 45-33.2-14 Remedies of bondholders and noteholders
§ 45-33.2-15 Bonds and notes as legal instruments
§ 45-33.2-16 Bonds and notes as investment securities
§ 45-33.2-17 Exemption from taxation
§ 45-33.2-18 Annual report
§ 45-33.2-19 Provisions supplementary
§ 45-33.2-20 Severability
§ 45-33.2-21 Tax limitations
§ 45-33.2-22 Alternate tax increment provisions
§ 45-33.2-23 Establishment of tax increment district – Powers within tax increment district
§ 45-33.2-24 Reserved
§ 45-33.2-25 Planning commission advisory opinion – Conditions for tax increment district
§ 45-33.2-26 Adoption of tax increment district master plan
§ 45-33.2-27 Designation of tax increment revenues
§ 45-33.2-28 Project costs
§ 45-33.2-29 Limitation of powers
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Rhode Island General Laws > Chapter 45-33.2 - Municipal Tax Increment Financing Act

  • 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.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Arrest: Taking physical custody of a person by lawful authority.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Personal property: All property that is not real property.
  • real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • seal: shall be construed to include an impression of the seal made with or without the use of wax or wafer on the paper. See Rhode Island General Laws 43-3-15
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • 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
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8