§ 42-113-9. Stewardship.
If an activity funded by the board involves acquisition by the state of an interest in real property for the purpose of conserving and protecting important natural areas, recreational lands, or agricultural land, the board, in its discretion may make a one-time grant to the appropriate state agency or municipality. The grant shall not exceed ten percent (10%) of the current appraised value of that property interest and shall be used to support its proper management or maintenance or both.
History of Section.P.L. 1990, ch. 347, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-113 - Rhode Island Housing and Conservation Trust Fund Act
Section 42-113-1. - Short title.
Section 42-113-2. - Policy, findings and purpose.
Section 42-113-3. - Definitions.
Section 42-113-4. - Creation of the Rhode Island housing and conservation board.
Section 42-113-5. - Creation of Rhode Island housing and conservation trust fund.
Section 42-113-6. - General powers and duties.
Section 42-113-7. - Allocation system.
Section 42-113-8. - Annual report.
Section 42-113-9. - Stewardship.
Section 42-113-10. - Condemnation prohibited.
Section 42-113-11. - Commission-housing and conservation trust study commission.