(a) The powers, duties, and responsibilities of the Rhode Island economic development corporation for improving, using, managing, selling, conveying, mortgaging, exchanging, transferring or otherwise, disposing real and personal property located in the town of North Kingstown known as the Quonset Point/Davisville industrial park, including, but not limited to, former Navy lands associated with the Quonset Point naval air station and the Davisville naval construction battalion are hereby transferred to the Quonset Development Corporation as may be mutually agreeable to the corporation and the Quonset Development Corporation. (b) The powers, duties, and responsibilities of the corporation to improve, operate, manage, and regulate utilities associated with Quonset Point/Davisville industrial park are hereby transferred to the Quonset Development Corporation. (c) The functions of the Quonset Davisville Management Corporation, established pursuant to § 42-64-7.1(a)(2)(i), are hereby transferred to the Quonset Development Corporation.
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