§ 42-64-1.1. Change of name.
(a) The corporation known as the “Rhode Island Economic Development Corporation” shall now be known as the “Rhode Island Commerce Corporation.” Whenever in any general law, public law, rule, regulation and/or bylaw, reference is made to the “department of economic development” or the “Rhode Island port authority and economic development corporation,” or the “Rhode Island economic development corporation,” the reference shall be deemed to refer to and mean the “Rhode Island commerce corporation,” which may also be referred to as the “commerce corporation.”
(b) Whenever in any general or public law, reference is made to the “director of the department of economic development” or the “executive director of the Rhode Island port authority and economic development corporation,” the reference shall be deemed to refer to and mean the “executive director of the Rhode Island economic development corporation.” Upon the appointment of a secretary of commerce; whenever in any general or public law, reference is made to the “director of the department of economic development” or the “executive director of the Rhode Island port authority and economic development corporation,” or the “executive director of the Rhode Island economic development corporation,” the reference shall be deemed to refer to and mean the chief executive officer of the Rhode Island commerce corporation, who shall also be the secretary of the Rhode Island executive office of commerce.
(c) Whenever in any general or public law, reference is made to the “economic development council,” the reference shall be deemed to refer to and mean the “board of directors of the Rhode Island commerce corporation.”
(d) Nothing in this act shall be construed to change or modify the corporate existence of the former Rhode Island economic development corporation, which shall now be known as the “Rhode Island commerce corporation,” or to change or modify any contracts or agreements of any kind by, for, between, or to which the economic development corporation is a party or to effect in any way the property or assets of the Rhode Island economic development corporation. The commerce corporation is the successor in interest to the Rhode Island economic development corporation and the secretary of state shall change the name of the corporation on the articles of incorporation on file with the secretary of state from the Rhode Island economic development corporation to the Rhode Island commerce corporation effective as of January 1, 2014.
History of Section.P.L. 1995, ch. 370, art. 12, § 7; P.L. 2013, ch. 243, § 3; P.L. 2013, ch. 490, § 3; P.L. 2014, ch. 7, § 1; P.L. 2014, ch. 8, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64 - Rhode Island Commerce Corporation
Section 42-64-1. - Short title.
Section 42-64-1.1. - Change of name.
Section 42-64-2. - Legislative findings.
Section 42-64-3. - Definitions.
Section 42-64-6. - General powers.
Section 42-64-7. - Additional general powers.
Section 42-64-7.1. - Subsidiaries.
Section 42-64-7.2. - Amendment of the articles of incorporation of a subsidiary public corporation.
Section 42-64-7.3. - Voluntary dissolution of a subsidiary public corporation.
Section 42-64-7.4. - Water supply facilities.
Section 42-64-7.5. - Acceptance of federal grants.
Section 42-64-7.7. - Grant of powers to the corporation.
Section 42-64-7.9. - Orders as to pretreatment of sewage.
Section 42-64-7.11. - Venture capital forum program.
Section 42-64-7.12. - Transfer of functions to the Quonset Development Corporation.
Section 42-64-7.13. - National security infrastructure support fund.
Section 42-64-8. - Directors, officers, and employees.
Section 42-64-8.1. - Appropriation and expenses.
Section 42-64-8.2. - Role and responsibilities of board members.
Section 42-64-8.3. - Transparency requirements established.
Section 42-64-9. - Condemnation power.
Section 42-64-9.1. - Inspection powers.
Section 42-64-9.2. - Civil penalties.
Section 42-64-9.3. - Criminal penalties.
Section 42-64-9.4. - Procedures for enforcement.
Section 42-64-9.5. - Hearings.
Section 42-64-9.6. - Notice of decisions.
Section 42-64-9.7. - Notice of hearing on orders.
Section 42-64-9.8. - Procedure for hearings on orders.
Section 42-64-9.9. - Public access to information.
Section 42-64-9.10. - Rules and regulations — Notice of rule review.
Section 42-64-10. - Findings of the corporation.
Section 42-64-11. - Disposition of projects.
Section 42-64-12. - Community advisory committees.
Section 42-64-13. - Relations with municipalities.
Section 42-64-13.1. - Assistance to urban communities for economic revitalization.
Section 42-64-13.2. - Renewable energy investment coordination.
Section 42-64-14. - Relations with state agencies.
Section 42-64-15. - Bonds and notes of the corporation.
Section 42-64-16. - Short-term notes.
Section 42-64-17. - Security for bonds or notes.
Section 42-64-18. - Reserve funds and appropriations.
Section 42-64-19. - Trust funds.
Section 42-64-20. - Exemption from taxation.
Section 42-64-20.1. - Procedure.
Section 42-64-21. - Notes and bonds as legal investments.
Section 42-64-22. - Agreement of the state.
Section 42-64-23. - Credit of state.
Section 42-64-24. - State’s right to require redemption of bonds.
Section 42-64-25. - Remedies of bondholders and note-holders.
Section 42-64-26. - Authorization to accept appropriated moneys.
Section 42-64-27. - Assistance by state officers, departments, boards and commission.
Section 42-64-28. - Annual financial reports and performance report.
Section 42-64-29. - Inventory of development sites.
Section 42-64-30. - Inconsistent provisions.
Section 42-64-31. - Other statutes.
Section 42-64-31.1. - Rules and regulations.
Section 42-64-32. - Construction.
Section 42-64-33. - Severability.
Section 42-64-34. - Appointment of small business advocate.
Section 42-64-34.1. - Cooperation required.
Section 42-64-35. - Government contract procurement assistance.
Section 42-64-36. - Program accountability.
Section 42-64-37. - Loan and loan guarantee programs.
Section 42-64-38. - Audit of the corporation.
Section 42-64-39. - Business development center.
Section 42-64-40. - Court-approved settlements.
Section 42-64-41. - Report regarding small business lending.