§ 35-2-3 - Town of North Providence fiscal year. - Rhode Island Statutes

SECTION 35-2-3

   § 35-2-3  Town of North Providence fiscalyear. – (a) Notwithstanding the provisions of § 35-2-2, the budget commission ofthe town of North Providence, by vote at a meeting of the commission, isauthorized to modify the fiscal year for a town over a four-year period, asfollows:

   (1) Establishing a fiscal year from March 1 to March 31 ofthe following calendar year;

   (2) The succeeding fiscal year to be from April 1 to April 30of the following calendar year;

   (3) The succeeding fiscal year to be May 1 to May 31 of thefollowing calendar year;

   (4) The succeeding fiscal year to be from June 1 to June 30of the following calendar year;

   (5) Thereafter the fiscal years to be July 1 to June 30 ofthe following calendar years.

   (b) In the event that the budget commission of the town ofNorth Providence votes to modify the fiscal year as provided in this section,the commission shall ordain the dates upon which taxes shall be due andpayable. The commission shall also determine by resolution the installments inwhich taxes may be paid, the dates on which penalties for nonpayment shallapply, and the rate of the penalties.