§ 45-33-4 - Appropriations, borrowing, and loans by cities and towns. - Rhode Island Statutes

SECTION 45-33-4

   § 45-33-4  Appropriations, borrowing, andloans by cities and towns. – Any community in this state is authorized to appropriate moneys raised by taxesor other funds, including, but not limited to, funds in the redevelopmentrevolving fund, and to borrow money as provided in chapters 31 – 33 ofthis title, and may lend or give the money to any redevelopment agencyestablished by it for the purpose of acquiring property in any project area orfor the clearance and preparation of any project area for redevelopment or forfinancing, or otherwise assisting in the carrying out of any redevelopment planor to effectuate the purposes and provisions of chapters 31 – 33 of thistitle.