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Current as of January 01, 2024 | Updated by Findlaw Staff
In addition to amounts otherwise authorized by this chapter, the director of transportation shall reimburse the owner of real property acquired for a project for reasonable and necessary expenses incurred for:
(1) Recording fees, transfer taxes, and similar expenses incidental to conveying the property;
(2) Penalty costs for repayment of any mortgage entered into in good faith encumbering the real property if the mortgage is on record or has been filed for record on the date of acquisition by the state of the real estate; and
(3) The pro rata portion of real property taxes paid which are allocable to a period subsequent to the date of vesting of title in the state, or the effective date of the possession of the real property by the state, whichever is earlier.
Cite this article: FindLaw.com - Rhode Island General Laws Title 37. Public Property and Works § 37-6.1-5. Expenses incidental to transfer of property - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-37-public-property-and-works/ri-gen-laws-sect-37-6-1-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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