Rhode Island § 45-33-3 - Redevelopment Financing
Full text of Rhode Island Rhode Island General Laws § 45-33-3 — Redevelopment Financing, with citation guidance and answers to common questions.
§ 45-33-3. Redevelopment Financing
R.I. Gen. Laws § 45-33-3
§ 45-33-3. Abolition of revolving fund.
The legislative body of any community may abolish the redevelopment revolving fund whenever it finds that the purposes for which the fund was established have been accomplished. At the time of abolishing the fund, the legislative body shall transfer all moneys in the fund to the general obligation bond redemption fund, and shall provide that all moneys thereafter deposited or redeposited in the redevelopment revolving fund are deposited in the general obligation or revenue bond redemption fund. Any surplus existing in the general obligation or revenue bond redemption fund after payment of principal and interest shall be transferred to the general fund of the community.
History of Section.
P.L. 1956, ch. 3654, § 42; G.L. 1956, § 45-33-3.
Frequently Asked Questions About Rhode Island § 45-33-3
What does Rhode Island General Laws § 45-33-3 cover?
Section 45-33-3 ("Redevelopment Financing") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 45-33-3?
A common citation format is "Rhode Island General Laws § 45-33-3" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 45-33-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.