§ 46-24-11. Payments in lieu of taxes.
The authority shall pay annually in lieu of any property tax, as a charge upon its earnings and revenues, to each city, town, and district, or other district, a sum equal in amount to any property tax levied on any property by or on behalf of the town or district during the year next preceding the acquisition of the property by the authority. The authority shall have no power to levy or collect ad valorem property taxes.
History of Section.P.L. 1972, ch. 111, § 1.
Structure Rhode Island General Laws
Title 46 - Waters and Navigation
Chapter 46-24 - Pawtuxet River Authority
Section 46-24-1. - Definitions.
Section 46-24-2. - Pawtuxet River authority created.
Section 46-24-3. - Composition of board.
Section 46-24-4. - Compensation of board and agents.
Section 46-24-5. - Officers and employees of board.
Section 46-24-6. - Business prohibited to members.
Section 46-24-7. - Fiscal year.
Section 46-24-8. - Annual reports.
Section 46-24-9. - Powers of authority.
Section 46-24-10. - Tax exemption.
Section 46-24-11. - Payments in lieu of taxes.
Section 46-24-12. - Subcommittees.
Section 46-24-16. - Merit system.
Section 46-24-17. - Money of the authority.
Section 46-24-18. - Funding of authority’s operations.
Section 46-24-19. - Right to alter, amend, or repeal chapter.