§ 45-59.1-18. Remaining revenues.
Upon the dissolution or expiration without renewal of a tourism improvement district, any remaining revenues, after all outstanding debts are paid, derived from the levy of assessments, or derived from the sale of assets acquired with the revenues, shall be spent in accordance with the tourism improvement district plan or shall be refunded to the owners of the businesses then located and operating within the tourism improvement district in which assessments were levied by applying the same method and basis that was used to calculate the assessments levied in the fiscal year in which the tourism improvement district is disestablished or expires.
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.