2022 -- H 7623 | |
======== | |
LC005249 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2022 | |
____________ | |
A N A C T | |
RELATING TO PUBLIC PROPERTY AND WORKS -- MANAGEMENT AND DISPOSAL | |
OF PROPERTY | |
| |
Introduced By: Representatives Biah, Williams, Amore, Corvese, Hull, Kislak, Alzate, | |
Date Introduced: March 02, 2022 | |
Referred To: House Finance | |
(RI Housing) | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 37-7 of the General Laws entitled "Management and Disposal of |
2 | Property" is hereby amended by adding thereto the following section: |
3 | 37-7-16. State surplus property sold for housing development purposes. |
4 | (a) Intent. Because of the current need of housing in the state, this section is intended to |
5 | promote housing development opportunities using state surplus property, while also preserving the |
6 | existing process stated in § 37-7-5. |
7 | (b) Initial determination. For any land or property which the department of administration, |
8 | in its sole discretion, determines to be suitable for housing development purposes, the department |
9 | shall obtain an appraisal of the land or property. |
10 | (c) First and second rights to purchase. Upon receipt of the property appraisal, the |
11 | department shall first offer the land or property for sale to the city or town wherein the land or |
12 | property is situated at the appraised value of the property. A first right to purchase the land or |
13 | property shall be conclusively presumed to have been waived in the event a written offer to sell the |
14 | land or property, containing the terms of the offer, shall have been sent by registered or certified |
15 | mail to the city or town clerk, as the case may be, wherein the land or property is situated, and the |
16 | offer shall not have been accepted within thirty (30) days from the date of the mailing. In the event |
17 | that the city or town wherein the land or property is situated shall refuse to buy the land or property |
18 | or waive its right to purchase, then, in that event the department shall offer the land or property for |
| |
1 | sale to Rhode Island housing and mortgage finance corporation or any subsidiary or affiliate thereof |
2 | ("Rhode Island housing") at the lower of the fair market or appraised value of the land or property. |
3 | This second right to purchase the land or property shall be conclusively presumed to have been |
4 | waived in the event a written offer to sell the land or property, containing the terms of the offer, |
5 | shall have been sent by registered or certified mail to Rhode Island housing, and the offer shall not |
6 | have been accepted within fifteen (15) days from the date of the mailing. In the event that Rhode |
7 | Island housing shall refuse to buy the land or property or waive its second right to purchase, then, |
8 | in that event, the state shall be at liberty to sell the land or property in accordance with the provisions |
9 | contained in § 37-7-5. |
10 | SECTION 2. This act shall take effect upon passage. |
======== | |
LC005249 | |
======== | |
| LC005249 - Page 2 of 3 |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC PROPERTY AND WORKS -- MANAGEMENT AND DISPOSAL | |
OF PROPERTY | |
*** | |
1 | This act would promote the use of state surplus property by permitting the department of |
2 | administration to obtain an appraisal and sell property to be used for housing development purposes |
3 | where appropriate. |
4 | This act would take effect upon passage. |
======== | |
LC005249 | |
======== | |
| LC005249 - Page 3 of 3 |