Section 490-RICR-00-00-7.2 - DefinitionsA. The following words and terms when used in this section shall have the following meanings unless the context clearly indicates otherwise:1. "Act" means R.I. Gen. Laws Chapter 46-15.3, as amended.2. "Bank" means Rhode Island Infrastructure Bank as established by R.I. Gen. Laws Chapter 46-12.2, as amended.3. "Board" means the Rhode Island Water Resources Board as established by R.I. Gen. Laws Chapters 46-15 and 15.1, as amended.4. "Eligible expenditure" means the acquisition of a fee simple interest or of a conservation restriction, as that term is defined in R.I. Gen. Laws § 34-39-2(a) and as further detailed in R.I. Gen. Laws § 46-15.3-4 and by the Board.5. "Bank WQPC Fund" means the water quality protection fund, which shall be in the custody of the Rhode Island Infrastructure Bank. Such fund shall consist of such amounts as may be remitted to the Bank by water suppliers of all water quality protection charges other than:a. the six and nine-tenths percent (6.9%) of the charges collected and retained by each water supplier for any purpose relating to the operation of the supplier, and b. the fifty seven percent (57%) of the charges collected and remitted by each supplier to the General Treasurer, pursuant to the Act and R.I. Gen. Laws Chapter 46-12.2.6. "State WQPC Fund" means the water quality protection fund which shall be in the custody of the General Treasurer. Such fund shall consist of such amounts as may be remitted to the state by water suppliers of all water quality protection charges other than: a. the six and nine-tenths percent (6.9%) of the charges collected and retained by each water supplier for any purpose relating to the operation of the supplier, and b. the thirty-six and one-tenths percent (36.1 %) of the charges collected and remitted by each supplier to Rhode Island Infrastructure Bank, pursuant to the Act and R.I. Gen. Laws Chapter 46-12.2.7. "Receipt of sale" means acknowledgement that public drinking water has been exchanged for an agreed sum of money, or other consideration of any kind.8. "Sale" means all retail sales of potable water to end users for any purpose in the ordinary course of business by a supplier, except for sales subject to the 65 years of age and older exemption, the commercial agricultural producer exemption, or the out-of-state potable water source exemption as set forth in the Act.9. "Supplier(s) of public drinking water" or "Water supplier and suppliers" means any city, town, district, or other municipal, quasi-municipal or public or private corporation or company engaged in the sale of potable water and the water supply business in Rhode Island.10. "Water quality protection charge" means a water quality protection charge imposed upon suppliers of public drinking water pursuant to the Act.11. "WQPC eligible project list" means the list of projects approved by the Board as eligible for funding from the Bank WQPC Fund and as published by the Board.490 R.I. Code R. 490-RICR-00-00-7.2
Amended effective 12/19/2018
Amended effective 2/14/2019