§ 24-8.1-4. “Costs of relocation” defined.
For the purposes of this chapter, the term “cost of relocation” includes the entire amount paid by the private corporations, private companies, municipality, authorities or agency of the state, or authority, properly and reasonably attributable to relocation, after deducting therefrom any increase in the value of the new facility and any salvage value derived from the old facility. The amount of reimbursement for the cost of relocation shall not be reduced by any expired service life of the old facility.
History of Section.P.L. 1967, ch. 50, § 1; P.L. 1976, ch. 148, § 1; P.L. 1986, ch. 49, § 1.
Structure Rhode Island General Laws
Chapter 24-8.1 - Relocation of Utility Services
Section 24-8.1-1. - Declaration of policy.
Section 24-8.1-2. - Relocation of utility facilities necessitated by highway construction.
Section 24-8.1-2.1. - Relocation necessitated by sewer construction.
Section 24-8.1-3. - “Utility facilities” defined.
Section 24-8.1-3.1. - “As built” plans required.
Section 24-8.1-4. - “Costs of relocation” defined.
Section 24-8.1-5. - Public utility and other acts unaffected.