§ 44-9-18.2 - Cities and towns – Assignments to redevelopment agencies. - Rhode Island Statutes

SECTION 44-9-18.2

   § 44-9-18.2  Cities and towns –Assignments to redevelopment agencies. – Notwithstanding the provisions of § 44-9-18, the treasurer may transferand assign any or all tax titles held by a city or town for no monetaryconsideration to the redevelopment agency of the city or town. The transfershall not confer upon the redevelopment agency any greater rights orresponsibilities than those granted to or imposed upon the city or town as theoriginal holder of the tax title. The redevelopment agency shall hold any taxtitle transferred or assigned subject to any and all rights of redemption heldby the owner of record and/or his or her successors and assigns in title.Notwithstanding the foregoing, the redevelopment agency shall also hold and bepermitted to exercise any rights that the city or town previously held,including the right to petition for foreclosure of any rights of redemption.