Is This Another EBEC? Legislators Propose Prudence Island Ferry Authority

Please take a look at this bill sponsored by Gallison, Marshall, Canario, and Edwards

http://webserver.rilin.state.ri.us/BillText/BillText13/HouseText13/H5600...

2013 -- H 5600 ======= LC01056 ======= S T A T E O F R H O D E I S L A N D IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2013 ____________ A N A C T RELATING TO WATERS AND NAVIGATION -- PRUDENCE ISLAND FERRY AUTHORITY Introduced By: Representatives Gallison, Marshall, Canario, and Edwards

Date Introduced: February 27, 2013

Referred To: House Corporations

It is enacted by the General Assembly as follows: SECTION 1. Title 46 of the General Laws entitled "WATERS AND NAVIGATION" is  hereby amended by adding thereto the following chapter:  CHAPTER 32  THE PRUDENCE ISLAND FERRY AUTHORITY  46-32-1. Prudence Island ferry authority created -- Composition. -- There is hereby  created a body corporate and public to be known as the "Prudence Island Ferry Authority." The  authority shall consist of five (5) members, three (3) of whom shall be residents of the town of  Portsmouth to be appointed by the Portsmouth town council, provided that one member shall be a  resident of Prudent Island and two (2) of whom shall be residents of the town of Bristol, to be  appointed by the Bristol town council. Members shall serve at the pleasure of the appointing town  council.

  46-32-2. Powers and duties of commission. -- The authority shall have the following  powers and duties: 

(1) To sue and be sued, complain and defend, in its corporate name; 

(2) To have a seal which may be altered at pleasure and to use the same by causing it, or  a facsimile thereof, to be impressed or affixed or in any other manner reproduced; 

(3) To purchase, take, receive, lease or otherwise acquire, own, hold, improve, operate,  maintain and repair, use or otherwise deal in and with, real or personal property, or any interest 

 (4) To sell, convey, mortgage, pledge, lease, exchange, transfer, and otherwise dispose of,  all or any part of its property and assets for such consideration and upon such terms and  conditions as the authority shall determine;

(5) To fix rates or collect charges for the use of the facilities of, or services rendered by,  or any commodities furnished by, the authority; 

(6) To make such contracts and guarantees and to incur liabilities, borrow money at such  rates of interest as the authority may determine; 

(7) To make and execute agreements of lease, conditional sales contracts, installment  sales contracts, loan agreements, mortgages, construction contracts, operation contracts and other  contracts and instruments necessary or convenient in the exercise of the powers and functions of  the authority granted by this chapter; 

(8) To lend money for its purposes, invest and reinvest its funds and at its option to take  and hold real and personal property as security for the funds so loaned or invested; 

(9) To acquire, or contract to acquire, from any person, firm, corporation, municipality,  the federal government or the state, or any agency of either the federal government or state by  grant, purchase, lease, gift, condemnation or otherwise, or to obtain options for the acquisition of  any property, real or personal, improved or unimproved, and interests in land less the fee thereof;  and to own, hold, clear, develop, maintain, operate and rehabilitate, sell, assign, exchange,  transfer, convey, lease, mortgage, or otherwise dispose or encumber the same for the purposes of  carrying out the provisions and intent of this chapter for such consideration as the authority shall  determine; 

(10) To conduct its activities, carry on its operations and have offices and exercise its  power granted by this act within or without the county or state.

(11)To elect or appoint officers and agents of the authority and to define their duties and  fix their compensation, except as otherwise expressly limited herein; 

(12) To make and alter bylaws not inconsistent with this chapter, for the administration  and regulation of the affairs of the authority and such bylaws may contain provisions  indemnifying any person who is or was a director, officer, employee agent of the authority; or is  or was serving at the request of the authority as a director, officer, employee or agent of another  corporation, partnership, joint venture, trust or other enterprise in the manner and to the extent  provided in section 7-1.1-4.1 of the Rhode Island Business Corporation Act. 

(13) To be a promoter, partner, member, associate or manager of any partnership,  enterprise or venture. 

(14) To enter who cooperative agreements with cities or towns for the purpose of operating a ferry service in accordance with this chapter; and 

(15) To have and exercise all powers necessary and convenient to effect its purposes.

 AND THIS IS JUST FOR STARTERS....

The Senate bill is S0532 and is sponsored by Senator Ottiano.

What part of private sector business do these legislators NOT understand????

 

Could it be possible that there may be another solution to whatever problems there are that don't involve creating yet another quasi-governmental agency??