Public Finance

Private Activity Bond Approval Act

SECTION 35-22-2

§ 35-22-2. Public policy.

It is the policy of the State of Rhode Island and Providence Plantations (the "State") that in order to maintain an effective system of monitoring the use of federal subsidies within the state, facilities within the state proposed to be financed with bonds issued by an issuer that does not have jurisdiction over the location of those facilities including, but not limited to, issuers located outside of the state, must receive prior host approval from the governor of the state in accordance with this act.

History of Section.
(P.L. 2011, ch. 350, § 1; P.L. 2011, ch. 391, § 1.)