Rhode Island General Laws
Chapter 45-33.2 - Municipal Tax Increment Financing Act
Section 45-33.2-9. - Temporary anticipation notes.

§ 45-33.2-9. Temporary anticipation notes.
In anticipation of the issue of bonds under this chapter, and subject to any provisions of the vote authorizing the bonds, the officers authorized to sell the bonds may, without further authorization, issue temporary notes. The notes may be secured as in the case of bonds and, except as otherwise provided in this section, the provisions of other sections of this chapter referring to bonds are also deemed to refer to the notes. The notes need not bear the seal of the city or town or a facsimile of the seal. The notes are payable within three (3) years from their respective dates, but the principal of and interest on notes issued for a shorter period may be refunded from time to time by the issue of other notes maturing within three (3) years from the original date of issue of the indebtedness being refunded.
History of Section.P.L. 1984, ch. 78, § 1.

Structure Rhode Island General Laws

Rhode Island General Laws

Title 45 - Towns and Cities

Chapter 45-33.2 - Municipal Tax Increment Financing Act

Section 45-33.2-1. - Short title.

Section 45-33.2-2. - Legislative findings.

Section 45-33.2-3. - Definitions.

Section 45-33.2-3.1. - Additional definitions.

Section 45-33.2-4. - Adoption of project plan.

Section 45-33.2-5. - Authorization to undertake projects — Powers.

Section 45-33.2-6. - Issuance of special obligation bonds.

Section 45-33.2-7. - Security for bonds — Trust agreements.

Section 45-33.2-8. - Pledge of project revenues validated.

Section 45-33.2-9. - Temporary anticipation notes.

Section 45-33.2-10. - Refunding bonds.

Section 45-33.2-11. - Credit of municipality not pledged.

Section 45-33.2-12. - Investment of funds.

Section 45-33.2-13. - Trust funds.

Section 45-33.2-14. - Remedies of bondholders and noteholders.

Section 45-33.2-15. - Bonds and notes as legal instruments.

Section 45-33.2-16. - Bonds and notes as investment securities.

Section 45-33.2-17. - Exemption from taxation.

Section 45-33.2-18. - Annual report.

Section 45-33.2-19. - Provisions supplementary.

Section 45-33.2-20. - Severability.

Section 45-33.2-21. - Tax limitations.

Section 45-33.2-22. - Alternate tax increment provisions.

Section 45-33.2-23. - Establishment of tax increment district — Powers within tax increment district.

Section 45-33.2-24. - Reserved.

Section 45-33.2-25. - Planning commission advisory opinion — Conditions for tax increment district.

Section 45-33.2-26. - Adoption of tax increment district master plan.

Section 45-33.2-27. - Designation of tax increment revenues.

Section 45-33.2-28. - Project costs.

Section 45-33.2-29. - Limitation of powers.