Upon dissolution or termination of the utility district, the assets of the utility district that remain after payment, or making provision for payment, of all bonds, notes, and other obligations of the utility district shall be distributed to the town of New Shoreham or as ordered by a court of proper jurisdiction.
R.I. Gen. Laws § 45-67-15
Reversion upon dissolution or termination
Known as the Block Island Utility District Act
The act spans §§ 45–45 (15 sections).
P.L. 2017, ch. 280, § 1; P.L. 2017, ch. 293, § 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.