Title 45
Towns and Cities

Chapter 33.2
Municipal Tax Increment Financing Act

R.I. Gen. Laws § 45-33.2-11

§ 45-33.2-11. Credit of municipality not pledged.

The bonds and notes issued under this chapter are payable solely from project revenues. These bonds and notes shall not at any time be included in the debt of the city or town for the purpose of ascertaining its legal borrowing capacity.

History of Section.
P.L. 1984, ch. 78, § 1.