Chapter 326
2022 -- S 2208
Enacted 07/06/2022

A N   A C T
RELATING TO CITIES AND TOWNS -- SEWAGE CHARGES -- TOWN OF COVENTRY

Introduced By: Senators Raptakis, Rogers, Burke, Anderson, E Morgan, Paolino, Archambault, Sosnowski, and Lombardo

Date Introduced: February 08, 2022

It is enacted by the General Assembly as follows:
     SECTION 1. Chapter 45-14 of the General Laws entitled "Sewage Charges" is hereby
amended by adding thereto the following section:
     45-14-9. Town of Coventry -- Installment payments.
     The town of Coventry is hereby authorized to provide for the payment of sewer
assessments in installment payments. The sewer assessments levied by the town of Coventry may
be paid in as many as thirty (30) annual installments in accordance with the terms of the loan
secured for sewer construction. In the case of installment payments, interest at a rate not to exceed
a maximum rate of one and twenty-five hundredths percent (1.25%) above the average interest rate
the town is charged on any loan used to fund the constructions construction of the sewers shall be
charged annually on the unbilled balance of the total sewer assessment. Such annual installment
payments may be paid on a quarterly basis. Delinquent (penalty) interest shall be applied to the
account if the annual installment payment is not received in full within a year. Delinquent interest
shall be assessed in the same manner and at the same rate as established for the collection of real
estate taxes. The unpaid balance of each sewer assessment shall bear interest at the rate determined
by the town at the time of assessment; provided however, that the whole assessment against any
parcel may be prepaid without interest at any time prior to the due date for the first installment
payment. The unbilled balance of any sewer assessment, together with any outstanding annual
installments and interest accrued to the date of payment, may be paid at any time.
     SECTION 2. This act shall take effect upon passage.
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LC004235
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