Rhode Island § 46-25-10 - Narragansett Bay Commission

§ 46-25-10. Acquisition of facilities from municipalities.

(a) The commission shall acquire the city of Providence Fields Point sewage treatment plant, as well as interceptors, combined sewer overflow facilities, force mains, and appurtenant facilities, and the land, property, easements, and other interests in property from municipalities within the district as may be necessary or desirable in its discretion to carry out the duties under this chapter.

(b) The acquisition of the treatment plant, facilities, interceptors, combined sewer overflow facilities, mains, and other appurtenant facilities, and the lands, property, easements, or other interests in property shall be paid for solely by user charges and fees to be assessed by the commission in accordance with this chapter. As part of the acquisition, the commission may agree to assume payment of financial obligation debt service liabilities of the city of Providence for long term bonded debt, that is, for debt with maturity schedules of not less than twenty (20) years incurred for capital improvement of the sewage treatment facilities, as determined in the sole discretion of the commission, pursuant to findings of the auditor general, in an amount not to exceed fourteen million dollars ($14,000,000); provided, however, that the payment of the debt service liabilities shall be paid solely out of user charges and fees to be assessed by the commission in accordance with this chapter. User charges assessed pursuant to this section shall be in addition to those charges under the authority of § 46-25-5(9), and shall be reasonable and just and subject to the approval of the public utilities commission.