§ 45-58-10. Succession of utility district to certain obligations of Pascoag fire district.
Upon April 4, 2001, the utility district shall:
(1) Succeed to and become subject to the utility bond obligations heretofore imposed by any security interest or trust instrument upon the Pascoag fire district; and
(2) Succeed to the precise position of Pascoag fire district, without any waiver or augmentation of that position whatsoever, as to each wholesale power purchase or power sales agreement heretofore entered into by the fire district, that position to include such rights, claims or defenses as Pascoag fire district may have had prior to April 4, 2001 with respect to any obligation of any such contract.
History of Section.P.L. 2001, ch. 12, § 1; P.L. 2001, ch. 47, § 1.
Structure Rhode Island General Laws
Chapter 45-58 - Pascoag Utility District
Section 45-58-1. - Short title.
Section 45-58-2. - Definitions.
Section 45-58-3. - Statement of purpose.
Section 45-58-4. - Pascoag utility district established.
Section 45-58-5. - Board of utility commissioners of the Pascoag utility district established.
Section 45-58-6. - Membership of board of commissioners.
Section 45-58-7. - Compensation of the board — Employees of the utility district.
Section 45-58-8. - Powers of the utility district.
Section 45-58-8.1. - Limitation of powers.
Section 45-58-9. - Separation of utility assets and fire protection assets.
Section 45-58-10. - Succession of utility district to certain obligations of Pascoag fire district.
Section 45-58-12. - Money of the utility district.
Section 45-58-13. - Alteration, amendment, repeal or severability.