2012 Rhode Island General Laws
Title 39 - Public Utilities and Carriers
Chapter 39-16 - Kent County Water District
Chapter 39-16-14 - Payments in lieu of taxes.
§ 39-16-14 Payments in lieu of taxes. – The authority shall pay annually, having first made provision for the payment of principal and interest on any bonds outstanding and any other charges payable from revenues due in such year as may be provided in the resolution or resolutions authorizing any bonds, in lieu of any property tax, as a charge upon its earnings or revenues, to each city, town or district, a sum equal in amount to any property tax levied on any property by or on behalf of the city, town, or district during the year next preceding the acquisition of such property by the authority. The authority shall have no power to levy or collect ad valorem property taxes.
History of Section.
(P.L. 1946, ch. 1740, § 5; G.L. 1956, § 39-16-14.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
