Rhode Island General Laws Title 45. Towns and Cities § 45-38.1-20. Procedure before issuance of bonds or notes

(1) The acquisition, construction, or financing of the cost of the project will:

(2) The project is leased to, or owned by, a financially responsible institution for higher education or child daycare center or municipality or healthcare provider within the state;

(3) Adequate provision has been, or will be, made for the payment of the cost of the construction and/or acquisition of the project, and, except with regard to those bonds issued through the corporation related to school housing project financing, that under no circumstances will the state be obligated, directly or indirectly, for the payment of the cost of the construction and/or acquisition of the project, or for the payment of the principal of, or interest on, any obligations issued to finance the construction and/or acquisition; and

(4) Adequate provision has been, or will be made in any agreement with respect to or lease of the project for payment of all costs of operation, maintenance, and upkeep of the project by the lessee, sublessee, or occupant so that under no circumstances is the state obligated, directly or indirectly, for the payment of the costs except with regard to state reimbursement for school housing projects; provided, that no findings shall be made and no financing effected under this chapter, with respect to healthcare providers, unless the proposed healthcare providers have first been approved by any state agency empowered to approve the construction of any healthcare providers in the manner provided in its general laws.