§ 41-10-8 - Payment by state to cities and towns – State aid formula.
SECTION 41-10-8
§ 41-10-8 Payment by state to cities andtowns – State aid formula. – The off track betting tax payable to the state under § 41-10-7(a)(1), (2),and (3) shall be paid directly by the state to the cities and towns of thestate in accordance with the state aid formula as set out in § 45-13-1,and these funds shall be used by the cities and towns as a direct reductionagainst the residential tax rate.