2009 Rhode Island Code
Title 45 - Towns and cities
CHAPTER 45-33 - Redevelopment Financing
§ 45-33-11 - Recitals as to purpose of bonds.
SECTION 45-33-11
§ 45-33-11 Recitals as to purpose of bonds. – In any suit, action, or proceedings involving the validity or enforceability of any bonds of an agency or their security, any bond reciting in substance that it has been issued by the agency to aid in financing a redevelopment project or for code enforcement projects, shall be conclusively deemed to have been issued for a redevelopment project of character, and the project conclusively deemed to have been planned, located, and constructed in accordance with the purposes and provisions of chapters 31 – 33 of this title, or, if issued for a code enforcement project or projects, conclusively deemed to have been issued for a code enforcement project or projects of character, and the project or projects conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of appropriate federal legislation.
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