2022 -- H 7467

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LC004561

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO CITIES AND TOWNS -- SEWAGE CHARGES -- TOWN OF COVENTRY

     

     Introduced By: Representative Patricia A. Serpa

     Date Introduced: February 11, 2022

     Referred To: House Municipal Government & Housing

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 45-14 of the General Laws entitled "Sewage Charges" is hereby

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amended by adding thereto the following section:

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     45-14-9. Town of Coventry -- Installment payments.

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     The town of Coventry is hereby authorized to provide for the payment of sewer

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assessments in installment payments. The sewer assessments levied by the town of Coventry may

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be paid in as many as thirty (30) annual installments in accordance with the terms of the loan

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secured for sewer construction. In the case of installment payments, interest at a rate not to exceed

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a maximum rate of one and twenty-five hundredths percent (1.25%) above the average interest rate

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the town is charged on any loan used to fund the constructions of the sewers shall be charged

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annually on the unbilled balance of the total sewer assessment. Such annual installment payments

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may be paid on a quarterly basis. Delinquent (penalty) interest shall be applied to the account if the

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annual installment payment is not received in full within a year. Delinquent interest shall be

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assessed in the same manner and at the same rate as established for the collection of real estate

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taxes. The unpaid balance of each sewer assessment shall bear interest at the rate determined by

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the town at the time of assessment; provided however, that the whole assessment against any parcel

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may be prepaid without interest at any time prior to the due date for the first installment payment.

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The unbilled balance of any sewer assessment together with any outstanding annual installments

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and interest accrued to the date of payment, may be paid at any time.

 

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO CITIES AND TOWNS -- SEWAGE CHARGES -- TOWN OF COVENTRY

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     This act authorizes the town of Coventry to provide for the payment of sewer assessments

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in installments up to a thirty (30) year period.

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     This act would take effect upon passage.

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