Rhode Island § 45-60-2 - Block Island Housing Board
Full text of Rhode Island Rhode Island General Laws § 45-60-2 — Block Island Housing Board, with citation guidance and answers to common questions.
§ 45-60-2. Block Island Housing Board
R.I. Gen. Laws § 45-60-2
§ 45-60-2. Block Island housing trust fund.
(a) There is created a special designated account to be known as the “Block Island housing fund.” The fund shall be administered by the board and expenditures from the fund are made only to implement and effectuate the policies and purposes of this chapter. Funds shall consist of monies or in-kind donations from whatever source. These may include, but are not limited to, monies from the general treasury of the town, seasonal house rental taxes of no more than one percent (1%) of prevailing market rate, contributions from private or public sources, loans from private or financial institutions, grants, gifts or bequests.
(b) No funds shall be transferred from the housing trust account for investment or any other purpose without prior approval by the housing trust board.
(c) Unexpended balances and any earnings shall not revert to the town general fund but shall remain in the housing fund for use in accord with the purposes of this chapter.
History of Section.
P.L. 2002, ch. 45, § 1; P.L. 2002, ch. 51, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 45-60-2
What does Rhode Island General Laws § 45-60-2 cover?
Section 45-60-2 ("Block Island Housing Board") 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 § 45-60-2?
A common citation format is "Rhode Island General Laws § 45-60-2" (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 § 45-60-2 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.