§ 45-59-23. Exemption from taxation.
(a) Any notes or other obligations issued by any district management authority, their transfer and the income from the notes or obligations (including any profits made on the sale of the notes or obligations), will at all times be free from taxation by the state or any political subdivision or other instrumentality of the state.
(b) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state and of the municipalities within which the district management authorities will undertake their activities, the increase of their commerce, welfare and prosperity and for the improvement of their health and living conditions and will constitute the performance of essential governmental functions and the district management authorities will not be required to pay any real or personal property taxes or assessments upon or in respect of any property owned by them levied by any municipality or other political subdivision of the state.
History of Section.P.L. 2001, ch. 205, § 1; P.L. 2001, ch. 373, § 1.
Structure Rhode Island General Laws
Chapter 45-59 - District Management Authorities
Section 45-59-1. - Short title.
Section 45-59-2. - Legislative findings and purpose.
Section 45-59-3. - Definitions and construction.
Section 45-59-4. - Creation of district or subdistrict.
Section 45-59-5. - Contents of petition — Signers.
Section 45-59-6. - Public hearing on petition.
Section 45-59-7. - Creation of authority.
Section 45-59-8. - The authority.
Section 45-59-9. - Purposes of authority.
Section 45-59-10. - Powers of authority.
Section 45-59-12. - Governing board.
Section 45-59-14. - Annual budget.
Section 45-59-15. - Special tax assessments.
Section 45-59-16. - Limit on assessments.
Section 45-59-17. - Collection of assessments.
Section 45-59-18. - Petition for relief from assessment.
Section 45-59-19. - Agreements with the state.
Section 45-59-20. - Agreements with municipalities.
Section 45-59-21. - Amendment.
Section 45-59-22. - Dissolution.
Section 45-59-23. - Exemption from taxation.
Section 45-59-24. - Credit of municipality not pledged.
Section 45-59-25. - Exemption from liability.
Section 45-59-26. - Applicability of other laws.
Section 45-59-27. - Notice of creation of district; actions to contest.