Rhode Island Code of Regulations
Title 870 - Rhode Island Commerce Corporation
Chapter 30 - Tax Credits and Exemptions
Subchapter 00 - N/A
Part 9 - Rules and Regulations for the City of Pawtucket Downtown Redevelopment Project Act
Section 870-RICR-30-00-9.10 - Board Consideration of Application

Universal Citation: 870 RI Code of Rules 30 00 9.10

Current through March 20, 2024

A. Prior to Board consideration for approval of any Award, the following conditions shall be satisfied:

1. The Applicant has submitted a completed Application; and

2. The Chief Executive Officer of the Corporation has provided written confirmation to the Board of the satisfaction of one (1) or more of the eligibility criteria set forth in the Act.

B. Within thirty (30) days after satisfaction of the requirements of § 9.10(A) of this Part, or such later date as the next meeting of the Board is convened, the Board shall undertake review and consideration of the approval of an Award for the Project.

C. In addition to those findings required under R.I. Gen. Laws § 42-64-10(a), the Board shall make the following findings in connection with approval of an Award under the Act and these Rules:

1. That Project meets one (1) or more of the eligibility criteria set forth in the Act, and

2. That the Chief Executive or equivalent Officer of an Applicant or, as applicable, an affected business acceptable to the Corporation has provided written verification required by the Act.

D. If the Board makes an Award, the Corporation must provide notification of the Award to the Division within five (5) business days of the Award decision.

Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.