TITLE 46

Waters and Navigation

CHAPTER 46-24

Pawtuxet River Authority

SECTION 46-24-10



   § 46-24-10  Tax exemption. –

It is hereby declared that the authority and the carrying out of its corporate

purposes are in all respects for the benefit of the people of the state of

Rhode Island and Providence Plantations for the improvement of their health,

welfare, and prosperity, and the authority will perform an essential government

function in the exercise of the powers conferred by this chapter, and the state

of Rhode Island and Providence Plantations covenants that the authority shall

be required to pay no taxes or assessments or sums in lieu of taxes, except as

provided in § 46-24-11, to the state or any political subdivision thereof

upon any of the property acquired by it or under its jurisdiction, control,

possession, or supervision, or upon its activities in the operation and

maintenance of the property, or upon any earnings, moneys, revenues, or other

income derived by the authority, and the income therefrom shall at all times be

exempt from taxation.



History of Section.

(P.L. 1972, ch. 111, § 1.)