Chapter 382

2008 -- H 8259 SUBSTITUTE A

Enacted 07/05/08

 

A N A C T

RELATING TO TOWNS AND CITIES -- GENERAL POWERS

         

     Introduced By: Representatives Mumford, and Fox

     Date Introduced: May 08, 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.

     

=======

LC02873/SUB A/2

=======