It is the policy of the State of Rhode Island (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.
R.I. Gen. Laws § 35-22-2
Public policy
Known as the Private Activity Bond Approval Act
The act spans §§ 35–35 (4 sections).
P.L. 2011, ch. 350, § 1; P.L. 2011, ch. 391, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.