To Vacate The Forfeiture Or Revocation Of The Charter Of The Tyler Dock Association
Impact
If enacted, H7017 would effectively allow the Tyler Dock Association to regain its charter, enabling it to operate with all the privileges and powers associated with its incorporation as if the forfeiture had never occurred. The bill aims to remedy the administrative oversight and facilitate the association's continued operation within the regulatory framework of the state. By allowing this grace period for compliance, the bill seeks to support local associations that may struggle with administrative burdens and promote their persistence in contributing to the community.
Summary
House Bill H7017 aims to vacate the forfeiture of the charter of the Tyler Dock Association by providing an extension for the filing of required reports. The bill addresses the association's failure to adhere to the filing requirements established under the General Laws of Rhode Island. Most notably, the bill specifies that the charter will be reinstated if the association submits the overdue reports by December 31, 2022, along with the appropriate filing fees as determined by the Attorney General for past penalties. This legislative action reflects an understanding of the association's challenges in maintaining compliance with regulatory requirements over an extended period.
Contention
While there are no overt recorded points of contention surrounding H7017 in the provided materials, the nature of the bill itself, which extends leniency for a non-compliant organization, may spark debate among lawmakers regarding the principles of compliance versus support for local associations. Critics might argue that allowing extensions can set a precedent for lax adherence to filing regulations, while supporters are likely to highlight the importance of fostering local organizations and enabling them to rectify past oversights.