§ 45-67-15. Reversion upon dissolution or termination.
Upon dissolution or termination of the utility district, the assets of the utility district that remain after payment, or making provision for payment, of all bonds, notes, and other obligations of the utility district shall be distributed to the town of New Shoreham or as ordered by a court of proper jurisdiction.
History of Section.P.L. 2017, ch. 280, § 1; P.L. 2017, ch. 293, § 1.
Structure Rhode Island General Laws
Chapter 45-67 - Block Island Utility District Act of 2017
Section 45-67-1. - Short title.
Section 45-67-2. - Definitions.
Section 45-67-3. - Statement of purpose.
Section 45-67-4. - Block Island utility district established.
Section 45-67-5. - Board of utility commissioners of the Block Island utility district established.
Section 45-67-6. - Membership of board of utility commissioners.
Section 45-67-7. - Compensation of the board — Employees of the utility district.
Section 45-67-8. - Powers of the utility district.
Section 45-67-9. - Limitation of powers.
Section 45-67-10. - Exemptions.
Section 45-67-12. - State not liable.
Section 45-67-13. - Money of the utility district.
Section 45-67-14. - Alteration, amendment, repeal or severability.
Section 45-67-15. - Reversion upon dissolution or termination.