§ 45-59.1-15. Reports.
(a) The owners’ association shall cause to be prepared a report for each fiscal year, except the first year, for which assessments are to be levied and collected to pay the costs of the activities described in the report. The owners’ association’s first report shall be due ninety (90) days after the first year of operation of the tourism improvement district.
(b) The report shall be filed with the municipality and shall refer to the tourism improvement district by name, specify the fiscal year to which the report applies, and, with respect to that fiscal year, shall contain all of the following information:
(1) The activities and improvements to be provided for that fiscal year.
(2) An estimate of the cost of providing the activities and improvements for that fiscal year.
(3) The method and basis of levying the assessments in sufficient detail to allow each business owner to estimate the amount of the assessment to be levied against his or her business for that fiscal year.
(4) The estimated amount of any surplus or deficit revenues to be carried over from a previous fiscal year.
(c) The municipality may approve the report as filed by the owners’ association or may make recommendations for approval to the annual report within forty-five (45) days of receiving the annual report. The annual report shall be final and approved within ninety (90) days following its submission by the owners’ association to the municipality.
History of Section.P.L. 2022, ch. 282, § 1, effective June 29, 2022; P.L. 2022, ch. 283, § 1, effective June 29, 2022.
Structure Rhode Island General Laws
Chapter 45-59.1 - Tourism Improvement Districts
Section 45-59.1-1. - Short title.
Section 45-59.1-2. - Legislative findings and purpose.
Section 45-59.1-3. - Definitions.
Section 45-59.1-4. - Boundaries of a tourism improvement district — Requirement of consent.
Section 45-59.1-5. - Contents of tourism improvement district plan.
Section 45-59.1-7. - Hearing on establishment or renewal.
Section 45-59.1-8. - Changes to proposed assessment.
Section 45-59.1-9. - Authorizing resolution.
Section 45-59.1-10. - Expiration of tourism improvement district term.
Section 45-59.1-11. - Time and manner of collection of assessments — Delinquent payments.
Section 45-59.1-12. - Validity of assessment.
Section 45-59.1-13. - Certification to establish levels of services and funding.
Section 45-59.1-14. - Modification to the tourism improvement district plan.
Section 45-59.1-15. - Reports.
Section 45-59.1-16. - Renewal of tourism improvement district.