§ 46-15.1-6. Purchase or lease from state.
The state properties committee is authorized on behalf of the state, from time to time, to sell and convey or lease to the board, for the purposes of this chapter, any property (which may include water sources or the right to take water) held by the state for water supply purposes, or any interest therein. Any such sale of property shall be for fair market value as determined by the board and the state properties committee. Any such lease shall be for a term not exceeding fifty (50) years and shall be for such fair rental value as may be set forth in the lease or determined in accordance with the lease.
History of Section.P.L. 1970, ch. 304, § 1.
Structure Rhode Island General Laws
Title 46 - Waters and Navigation
Chapter 46-15.1 - Water Supply Facilities
Section 46-15.1-1.1. - Repealed.
Section 46-15.1-2. - Board created — Appointment of members.
Section 46-15.1-2.2. - Qualifications of members.
Section 46-15.1-2.3. - Officers of the board — Quorum and vote required for action.
Section 46-15.1-2.4. - Compensation of members.
Section 46-15.1-3. - Repealed.
Section 46-15.1-4. - Purposes.
Section 46-15.1-4.1. - “Water supply facilities” defined.
Section 46-15.1-5.1. - Powers in support of the Rhode Island rivers council.
Section 46-15.1-5.2. - Duties of the board.
Section 46-15.1-6. - Purchase or lease from state.
Section 46-15.1-7. - Purchases from and leases, pledges and sales to others.
Section 46-15.1-9. - Temporary borrowing.
Section 46-15.1-11. - Pledge of revenues and other funds.
Section 46-15.1-12. - Trust funds.
Section 46-15.1-13. - Remedies.
Section 46-15.1-14. - Exemption from taxation.
Section 46-15.1-15. - Bonds and notes eligible for investment.
Section 46-15.1-16. - Negotiable instruments.
Section 46-15.1-17. - Refunding bonds.
Section 46-15.1-17.1. - Dissolution.
Section 46-15.1-17.2. - Inconsistent provisions.
Section 46-15.1-17.3. - Limitation of powers.
Section 46-15.1-18. - Severability — Constructions.
Section 46-15.1-19. - Surface reservoirs.
Section 46-15.1-19.1. - Big River Reservoir — Administration.
Section 46-15.1-20. - Water development account fund.