Chapter 335
2008 -- S 3080
SUBSTITUTE A
Enacted 07/10/08
A N A C T
RELATING
TO TOWNS AND CITIES -- GENERAL POWERS
Introduced By:
Senator Leo R. Blais
Date
Introduced: June 05, 2008
It is enacted by the General Assembly as
follows:
SECTION 1. Chapter
45-2 of the General Laws entitled "General Powers" is hereby
amended by adding thereto the following section:
45-2-2.1.
Tax compacts between municipalities. – Cities and towns or their
agencies
owning ratable property devoted to a public use
which is located within any other city or town,
and such other city or town where such property
is located, respectively, are hereby authorized
and empowered to enter into agreements from time
to time establishing the amount of taxes on
such property and the manner or method for
determining said amount for a period of time not
exceeding ten (10) years at any one time. Such
agreements shall be in writing, shall be approved
by the city and/or town council, and shall be signed
by the mayor, or like officer, on behalf of
cities, and by the president of the town
council, on behalf of towns, respectively, and such written
agreements, when so made and executed pursuant
to this act or pursuant to Chapter 1443 of
Public Laws of 1929 as amended by Chapter 1779
of the Public Laws of 1931, shall be valid and
binding upon the parties.
SECTION 2. This
act shall take effect upon passage.
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LC03064/SUB A
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