| Chapter 326 |
| 2022 -- S 2208 Enacted 07/06/2022 |
| A N A C T |
| RELATING TO CITIES AND TOWNS -- SEWAGE CHARGES -- TOWN OF COVENTRY |
Introduced By: Senators Raptakis, Rogers, Burke, Anderson, E Morgan, Paolino, Archambault, Sosnowski, and Lombardo |
| Date Introduced: February 08, 2022 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Chapter 45-14 of the General Laws entitled "Sewage Charges" is hereby |
| amended by adding thereto the following section: |
| 45-14-9. Town of Coventry -- Installment payments. |
| The town of Coventry is hereby authorized to provide for the payment of sewer |
| assessments in installment payments. The sewer assessments levied by the town of Coventry may |
| be paid in as many as thirty (30) annual installments in accordance with the terms of the loan |
| secured for sewer construction. In the case of installment payments, interest at a rate not to exceed |
| a maximum rate of one and twenty-five hundredths percent (1.25%) above the average interest rate |
| the town is charged on any loan used to fund the constructions construction of the sewers shall be |
| charged annually on the unbilled balance of the total sewer assessment. Such annual installment |
| payments may be paid on a quarterly basis. Delinquent (penalty) interest shall be applied to the |
| account if the annual installment payment is not received in full within a year. Delinquent interest |
| shall be assessed in the same manner and at the same rate as established for the collection of real |
| estate taxes. The unpaid balance of each sewer assessment shall bear interest at the rate determined |
| by the town at the time of assessment; provided however, that the whole assessment against any |
| parcel may be prepaid without interest at any time prior to the due date for the first installment |
| payment. The unbilled balance of any sewer assessment, together with any outstanding annual |
| installments and interest accrued to the date of payment, may be paid at any time. |
| SECTION 2. This act shall take effect upon passage. |
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| LC004235 |
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