Rhode Island Code of Regulations Title 820 - HEALTH AND EDUCATIONAL BUILDING CORPORATION
📘 Overview of Title 820 Regulations
Chapter 00: General Provisions
Section 820-RICR-00-00-1.1 – Purpose and Authority: This section outlines the Corporation's mission to provide efficient and user-friendly financing programs for mission-critical capital projects of eligible institutions. It also establishes the legal authority under which the Corporation operates.
Section 820-RICR-00-00-1.2 – Definitions: Provides definitions for key terms used throughout the regulations, ensuring clarity and consistency in interpretation.
Section 820-RICR-00-00-1.3 – Applicability: Specifies the entities and projects eligible for financing under the Corporation's programs, as well as the procedures for application and approval.
Chapter 01: Financing Programs
Section 820-RICR-01-00-1.1 – Tax-Exempt Financing: Details the process for obtaining tax-exempt bonds through the Corporation, including eligibility criteria, application procedures, and terms of financing.
Section 820-RICR-01-00-1.2 – Loan Programs: Describes the Corporation's loan programs, including interest rates, repayment terms, and application processes for eligible borrowers.
Section 820-RICR-01-00-1.3 – Credit Enhancement: Outlines the credit enhancement options available to borrowers, such as bond insurance or letters of credit, to improve the creditworthiness of their projects.
Chapter 02: Administrative Procedures
Section 820-RICR-02-00-1.1 – Application Process: Provides a step-by-step guide for applicants seeking financing, including required documentation, submission timelines, and evaluation criteria.
Section 820-RICR-02-00-1.2 – Approval and Closing Procedures: Details the procedures for approving financing applications and the steps leading up to the closing of a financing transaction.
Section 820-RICR-02-00-1.3 – Post-Closing Compliance: Specifies the ongoing compliance requirements for borrowers after the closing of a financing transaction, including reporting and auditing obligations.
⚖️ Enforcement and Case Law
The regulations under Title 820 are enforced by the Rhode Island Health and Educational Building Corporation, which has the authority to:
Review and approve financing applications.
Monitor compliance with financing agreements.
Take corrective actions in cases of non-compliance.
While specific case law directly interpreting Title 820 regulations is limited, the principles established in these regulations are often upheld in administrative hearings and can influence judicial decisions. For instance, the Uniform Administrative Procedures Act (R.I. Gen. Laws § 42-35-1 et seq.) provides the legal framework for contested case hearings, ensuring due process and fairness in administrative proceedings.
🧭 Accessing Full Regulations
For a comprehensive understanding of all rules and regulations under Title 820, you can refer to the official compilation provided by the Rhode Island Department of State:
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