If an activity funded by the board involves acquisition by the state of an interest in real property for the purpose of conserving and protecting important natural areas, recreational lands, or agricultural land, the board, in its discretion may make a one-time grant to the appropriate state agency or municipality. The grant shall not exceed ten percent (10%) of the current appraised value of that property interest and shall be used to support its proper management or maintenance or both.
R.I. Gen. Laws § 42-113-9
Stewardship
Known as the Rhode Island Housing and Conservation Trust Fund Act
The act spans §§ 42-113-1 to 42-113-9 (11 sections).
P.L. 1990, ch. 347, § 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.