(a)  The commerce corporation shall not grant any financial commitment from state program funds to any applicant in excess of seven hundred and fifty thousand ($750,000) dollars under this program.

Terms Used In Rhode Island General Laws 42-64.25-11

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b)  The commerce corporation shall have no authority to award grants except to technical assistance providers under this program.

History of Section.
P.L. 2015, ch. 141, art. 19, § 8.