It is enacted by the General Assembly as follows:

SECTION 1. Section 42-64-30 of the General Laws in Chapter 42-64 entitled "Rhode Island Port Authority and Economic Development Corporation" is hereby amended to read as follows:

{ADD 42-64-30. Other statutes. -- ADD} Nothing herein contained shall restrict or limit the powers of the corporation arising under any laws of this state except where such powers are expressly contrary to the provisions of this chapter. This chapter shall be construed to provide a complete additional and alternative method for doing the things authorized hereby and shall be regarded as supplemental and in addition to the powers conferred by other laws. The issuance of all bonds, notes, and other obligations of the corporation under the provisions of this chapter need not comply with the requirements of any other statute applicable to the issuance of same and contracts for the construction and acquisition of any project undertaken pursuant to this chapter need not comply with any provision of any other state law applicable to contracts for the construction and acquisition of state owned property {DEL . DEL} {ADD , except that the provisions of section 37-13-1 et seq. (prevailing wage); section 37-16-2 et seq. (public works arbitration); and section 37-12-1 et seq. (contractor's bonds) for the construction and acquisition of state or municipally owned property shall be applicable. ADD} No proceedings or notice of approval shall be required for the issuance of any bonds, notes, and other obligations or any instrument of security therefor except as herein provided.

SECTION 2. This act shall take effect upon passage.