Towns also have power from time to time to lend or donate money to town authorities or to agree to take that action. Any town authority, when it has the money available, shall make reimbursements for all loans made to it.
R.I. Gen. Laws § 45-26-9
Loans or donations by towns
G.L. 1938, ch. 344, § 34; P.L. 1950, ch. 2619, § 6; G.L. 1956, § 45-26-9.
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.