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.)
