2007 -- S 0842
A N A C T
RELATING TO THE SAND DAM RESERVOIR ASSOCIATION -- TAXATION
Introduced By: Senator P Fogarty
Date Introduced: March 07, 2007
It is enacted by the General Assembly as follows:
SECTION 1. Chapter 838 of the Public Laws of 1983, as amended, entitled "An Act
Authorizing the Sand Dam Reservoir Association to Hold Property Exempt From Taxation" is
hereby amended to read as follows:
Section 1. Sand Dam Reservoir Association, a non-profit organization with federal tax
exemption, is hereby exempted from taxation on the dam and flowage rights in the town of
Glocester for as long as town residents have free access to Sand Dam Reservoir also called Smith
and Sayles Reservoir.
Section 2. The
to be $300,000.00 shall be unlimited.
Section 3. Said
exemption to be effective
December 31, 1983 December 31, 2006.
SECTION 2. This act shall take effect upon passage.