Rhode Island General Laws 45-38.1-6. Acquisition of property
The corporation is authorized and empowered, directly, or by and through a participating institution for higher education or a participating municipality or a participating child daycare center or a participating healthcare provider, as its agent, to acquire by purchase or by gift or devise any lands, structures, property, real or personal, rights, rights of way, franchises, easements, and other interests in lands, including lands lying under water and riparian rights, which are located within or without the state as it may deem necessary or convenient for the construction or operation of a project, upon terms and at prices that may be considered by it to be reasonable and can be agreed upon between it and the owner of the property, and to take title to the property in the name of the corporation or in the name of a participating institution for higher education or a participating municipality or a participating child daycare center or a participating healthcare provider as its agent.
History of Section.
P.L. 1967, ch. 56, § 1; P.L. 1968, ch. 224, § 2; P.L. 1991, ch. 292, § 1; P.L. 2022, ch. 227, § 1, effective June 27, 2022; P.L. 2022, ch. 228, § 1, effective June 27, 2022.
Terms Used In Rhode Island General Laws 45-38.1-6
- Child daycare center: means a child daycare center as defined in § 42-12. See Rhode Island General Laws 45-38.1-3
- 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.
- Corporation: means the Rhode Island health and educational building corporation created and established as a nonbusiness corporation, under and pursuant to chapter 6 of Title 7, as amended, and constituted and established as a public body corporate and agency of the state under § 45-38. See Rhode Island General Laws 45-38.1-3
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Healthcare provider: means :
(i) Any nonprofit hospital incorporated under the laws of the state, including any nonprofit subsidiary corporations formed by any hospital or formed by the parent corporation of the hospital;
(ii) Any nonprofit corporation, the member or members of which consist solely of one or more hospitals or their parent corporations;
(iii) Any other hospital that is licensed as a general hospital or maternity hospital pursuant to chapter 17 of Title 23 that is exempt from taxation;
(iv) Any nonprofit group health association;
(v) Any cooperative hospital service organization, or any nonprofit corporation that is licensed as a skilled nursing and/or intermediate care facility pursuant to chapter 17 of Title 23, including any nonprofit subsidiary corporation formed by any of the foregoing skilled nursing and/or intermediate care facilities, or any nonprofit corporation eligible to receive funding, pursuant to chapter 8. See Rhode Island General Laws 45-38.1-3
- Municipality: means any city or town located in the state with powers set forth in this title. See Rhode Island General Laws 45-38.1-3
- Participating healthcare provider: means a healthcare provider that, pursuant to the provisions of this chapter, undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in and permitted by this chapter. See Rhode Island General Laws 45-38.1-3
- Participating municipality: means a municipality that, pursuant to the provisions of this chapter, undertakes the financing and construction or acquisition of a project or undertakes the refunding or refinancing of obligations or of a mortgage or of advances as provided in and permitted by this chapter. See Rhode Island General Laws 45-38.1-3
- State: means the state of Rhode Island. See Rhode Island General Laws 45-38.1-3