Bill > H7218

This bill establishes the Crook Point Bridge Authority as an independent public entity, separate from the city of Providence and the State of Rhode Island, with the primary purpose of acquiring and maintaining the Crook Point Bascule Bridge and any related property. The Authority will be governed by a three-member board of directors appointed by the mayor of Providence and approved by the city council, with directors serving five-year terms after initial staggered terms. While directors will not receive compensation, they will be reimbursed for expenses, and the Authority's operations and finances will be subject to public oversight and reporting requirements, including adherence to open meeting and public records laws. The Authority has broad powers to sue and be sued, enter contracts, employ staff, acquire and dispose of property, incur debt, and invest funds, but any obligations issued by the Authority will not be a debt of the city or state and will be payable solely from the Authority's own revenues and assets. Furthermore, the Authority and its operations will be exempt from state taxes.

Housing and Urban Affairs

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