Rhode Island General Laws 45-9-7. Appointment of receiver
(a) If the budget commission established by § 45-9-5 concludes that its powers are insufficient to restore fiscal stability to the city, town, or fire district, it shall so notify the director of revenue and shall forward to the director of revenue a statement of the reasons why it has been unable to restore fiscal stability to the city, town, or fire district. Upon receipt of such statement, the director of revenue shall terminate the existence of the budget commission, notwithstanding § 45-9-5, and the director of revenue shall appoint a receiver for the city, town, or fire district for a period as the director of revenue may determine. The director of revenue may, at any time, and without cause, remove the receiver and appoint a successor, or terminate the receivership.
Terms Used In Rhode Island General Laws 45-9-7
- Budget commission: means the budget and review commission established under § 45-9-5 and § 45-9-6. See Rhode Island General Laws 45-9-2
- Charter: means the home rule charter or the legislative charter of any city, town, or fire district. See Rhode Island General Laws 45-9-2
- Director of revenue: means the director of the department of revenue. See Rhode Island General Laws 45-9-2
- Fiscal overseer: means the financial overseer appointed under § 45-9-3. See Rhode Island General Laws 45-9-2
- Officer: means the chief administrative and financial officer appointed under § 45-9-10 after abolition of a fiscal overseer or a budget commission or a receiver in a city, town, or fire district. See Rhode Island General Laws 45-9-2
- Receiver: means the receiver appointed pursuant to § 45-9-7 or § 45-9-8. See Rhode Island General Laws 45-9-2
- town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
- town council: include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8
(b) The receiver shall have the following powers:
(1) All powers of the fiscal overseer and budget commission under § 45-9-2 and § 45-9-6. Such powers shall remain through the period of any receivership;
(2) The power to exercise any function or power of any municipal or fire district officer or employee, board, authority or commission, whether elected or otherwise relating to or impacting the fiscal stability of the city, town, or fire district including, without limitation, school and zoning matters; and
(3) The power to file a petition in the name of the city, town, or fire district under Chapter 9 of Title 11 of the United States Code, and to act on the city’s, town’s, or fire district’s behalf in any such proceeding.
(c) Upon the appointment of a receiver, the receiver shall have the right to exercise the powers of the elected officials under the general laws, special laws and the city, town, or fire district charter and ordinances and rules and regulations relating to or impacting the fiscal stability of the city, town, or fire district including, without limitation, school and zoning matters; provided, further, that the powers of the receiver shall be superior to and supersede the powers of the elected officials of the city, town, or fire district shall continue to be elected in accordance with the city or town or fire district charter, and shall serve in an advisory capacity to the receiver. The receiver shall allow the city’s, town’s, or fire district’s elected officials to serve their constituents by providing advice to the receiver on the matters relating to the operation of the city, town, or fire district. In the event a conflict arises between the chief elected official or city or town council or fire district governing body and the receiver, the receiver’s decision shall prevail. The director of revenue shall determine the salary of the receiver, which salary shall be payable by the city, town, or fire district.
History of Section.
P.L. 2010, ch. 24, § 1; P.L. 2010, ch. 27, § 1; P.L. 2011, ch. 328, § 1; P.L. 2011, ch. 389, § 1; P.L. 2014, ch. 31, § 1; P.L. 2014, ch. 33, § 1.