AN ACT RELATING TO PROPERTY -- ABANDONED PROPERTY

Summary

The bill amends Rhode Island’s abandoned‑property law so a judge can order a receiver to sell a vacant, nuisance‑laden building after a hearing. It gives priority to buyers who commit to low‑ or moderate‑income housing, resale discounts, voucher occupancy, owner‑occupancy, or installing an energy‑storage system. Sale proceeds are distributed in a set order, and the sale can include a reverter if the buyer fails to complete the abatement plan.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share