§ 45-37.1-14. No authority to operate as a business.
The corporation does not have the power to operate any project owned by it as a business or in any other manner, except as the lessor of a project.
History of Section.P.L. 1967, ch. 11, § 1.
Structure Rhode Island General Laws
Chapter 45-37.1 - Industrial Facilities Corporation
Section 45-37.1-1. - Declaration of policy.
Section 45-37.1-2. - Title of chapter.
Section 45-37.1-3. - Definitions.
Section 45-37.1-5. - General grant of powers.
Section 45-37.1-6. - Bonds and notes of the corporation.
Section 45-37.1-7. - Security for bonds and notes — Construction and acquisition of projects.
Section 45-37.1-8. - Trust funds.
Section 45-37.1-9. - Exemption from taxation.
Section 45-37.1-9.1. - Procedure.
Section 45-37.1-10. - Bonds and notes eligible for investment.
Section 45-37.1-11. - Annual report and audit.
Section 45-37.1-12. - State not liable — Exceptions.
Section 45-37.1-13. - Procedure before undertaking project.
Section 45-37.1-14. - No authority to operate as a business.
Section 45-37.1-15. - Agreement of the state.
Section 45-37.1-16. - Corporation designated as local development corporation.
Section 45-37.1-17. - Chapter cumulative — No notice required.