The purpose of this Municipal Incentive Aid program, shall be to encourage municipalities to improve the sustainability of their retirement plans and to reduce unfunded liabilities thereunder, by providing additional state aid to those municipalities that comply with the requirements and provisions of this chapter.
R.I. Gen. Laws § 45-13.2-5
Purpose of the Municipal Incentive Aid Program
Known as the Municipal Incentive Aid Act
The act spans §§ 45–45 (6 sections).
P.L. 2013, ch. 144, art. 11, § 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.