Chapter 488

2007 -- S 0842

Enacted 07/05/07

A N A C T

RELATING TO THE SAND DAM RESERVOIR ASSOCIATION -- TAXATION

Introduced By: Senator P Fogarty

Date Introduced: March 07, 2007

It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 838 of the Public Laws of 1983, as amended, entitled "An Act

Authorizing the Sand Dam Reservoir Association to Hold Property Exempt From Taxation" is

hereby amended to read as follows:

     Section 1. Sand Dam Reservoir Association, a non-profit organization with federal tax

exemption, is hereby exempted from taxation on the dam and flowage rights in the town of

Glocester for as long as town residents have free access to Sand Dam Reservoir also called Smith

and Sayles Reservoir.

     Section 2. The exempted value to be $300,000.00 shall be unlimited.

     Section 3. Said exemption to be effective December 31, 1983 December 31, 2006.

     SECTION 2. This act shall take effect upon passage.

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LC02494

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