§ 45-33-1. Establishment of revolving fund. The legislative body of any community, at any time after it has adopted a resolution declaring that there is a need for an agency to function in the community, may establish a redevelopment revolving fund. For the purpose of raising moneys to be deposited in that fund, the community may appropriate tax money or other funds, and/or issue and sell its general obligation or revenue bonds, and the moneys shall be used to effectuate the purposes and the provisions of chapters 31 - 33 of this title, upon resolution of the legislative body.
History of Section. (P.L. 1956, ch. 3654, § 41; G.L. 1956, § 45-33-1.)
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