TITLE 45

Towns and cities

CHAPTER 45-58

Pascoag Utility District

SECTION 45-58-15



   § 45-58-15  Tax exemption. –

It is hereby declared that the Pascoag utility district, in the carrying out of

its quasi-municipal purposes, is in all respects providing essential services

to the people of the state of Rhode Island that improves their health, safety

and welfare. Accordingly, the district shall not be required to pay taxes,

assessments or sums in lieu of taxes to the state of Rhode Island or any

political subdivision thereof upon any of the property now owned or acquired in

the future by the district, or under its jurisdiction and/or control,

possession or supervision or upon its activities or operations, or upon any

earnings, revenues, moneys or other income derived by the district. The bonds

issued by the district and any income therefrom shall at all times be exempt

from taxation; provided, however, nothing in this section shall have any effect

upon the water resources board, or the division of public utilities and

carriers, and/or the public utilities commission's authority to impose

regulation-related assessments and charges on Pascoag.



History of Section.

(P.L. 2007, ch. 147, § 2; P.L. 2007, ch. 445, § 2.)