Rhode Island § 45-59-23 - District Management Authorities
Full text of Rhode Island Rhode Island General Laws § 45-59-23 — District Management Authorities, with citation guidance and answers to common questions.
§ 45-59-23. District Management Authorities
R.I. Gen. Laws § 45-59-23
§ 45-59-23. Exemption from taxation.
(a) Any notes or other obligations issued by any district management authority, their transfer and the income from the notes or obligations (including any profits made on the sale of the notes or obligations), will at all times be free from taxation by the state or any political subdivision or other instrumentality of the state.
(b) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state and of the municipalities within which the district management authorities will undertake their activities, the increase of their commerce, welfare and prosperity and for the improvement of their health and living conditions and will constitute the performance of essential governmental functions and the district management authorities will not be required to pay any real or personal property taxes or assessments upon or in respect of any property owned by them levied by any municipality or other political subdivision of the state.
History of Section.
P.L. 2001, ch. 205, § 1; P.L. 2001, ch. 373, § 1.
Frequently Asked Questions About Rhode Island § 45-59-23
What does Rhode Island General Laws § 45-59-23 cover?
Section 45-59-23 ("District Management Authorities") 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 § 45-59-23?
A common citation format is "Rhode Island General Laws § 45-59-23" (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 § 45-59-23 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.