TITLE 45

Towns and cities

CHAPTER 45-33.2

Tax Increment Financing

SECTION 45-33.2-2



   § 45-33.2-2  Legislative findings. –

It is found and declared that for the public health, safety, morals, and

welfare of the people of the state generally, the increase of their commerce,

welfare, and prosperity and the improvement of their housing, employment and

educational opportunities and general living conditions, as well as in order to

remedy the conditions found to exist in the state as declared in §

45-31-3, it is essential to provide new employment opportunities to prevent,

arrest, and alleviate blighted, decayed, and substandard areas in cities and

towns, to increase the supply of housing available to homeowners and to tenants

at low rentals, to increase the tax base, to encourage the development of

undeveloped land in the town of West Greenwich, and to improve the general

economy of the state; and that it is the purpose of this chapter to provide an

additional and alternative means to cities and towns to fund and/or finance

municipal and other public facilities and residential, commercial and

industrial development and revitalization, home ownership; and programs to

combat poverty, improve municipal and neighborhood living conditions and

provide improved employment and educational opportunities, all to the public

benefit and good, in the manner provided in this chapter.



History of Section.

(P.L. 1984, ch. 78, § 1; P.L. 1992, ch. 424, § 1; P.L. 1999, ch. 506,

§ 1.)