Title 35, Title 35 Finance

An amount not to exceed seven million dollars ($7,000,000) shall be used to fund state appropriations in order to maintain essential state services that would otherwise be diminished or eliminated by reductions in federal funding for these services for any federal fiscal year.

The general assembly may from time to time appropriate monies to the elementary and secondary education excellence fund as set forth in § 16-5-32.

The general assembly may from time to time appropriate monies from the fund to the textbook modernization and improvement fund as established in chapter 23 of title 16.

The general assembly may from time to time appropriate monies from the fund to the economic development corporation for the expansion of job development activities.

The general assembly may from time to time appropriate monies from the fund to the office of intergovernmental relations in the executive department for the purpose of establishing housing programs for low or moderate income persons or families.

Monies accruing due to the investment of the federal reduction relief fund shall remain unencumbered and a part of the fund.

The general assembly may from time to time appropriate monies to replenish the federal reduction relief fund.

If any provision of §§ 35-4-12 — 35-4-16, or the application thereof, shall for any reason be judged invalid, that judgment shall not affect, impair, or invalidate the remainder of the law, but shall be confined in its effect to the provision or application directly involved in t…

There is hereby created and established in the state treasury a fund to be known as the “central cancer registry and prevention fund”, to which shall be deposited the revenues derived from the tax imposed in former § 44-20-13.1, repealed in 1986. All money now or hereafter in the…

There is hereby created and established a program to be known as the “health education, alcohol, and substance abuse prevention program”, which shall be funded annually by the general assembly. All moneys now or hereafter in the health education, alcohol, and substance abuse prev…

All revenue of the state of whatever character shall be paid into the hands of the general treasurer and credited to the general funds of the state, except in such cases as the general assembly may by law specifically allocate to a special fund; provided, that any moneys appropri…

A contribution of money based upon the annual statewide cost allocation plan, representing the estimated pro rata share of statewide indirect costs paid from the general fund, shall be made from the water development account fund.

The enumeration of the money or trust funds set forth in § 35-4-20 shall not prohibit the applicability thereto of § 35-4-20.3 should the director of administration determine that for the reasons mentioned in § 35-4-20.2 the money or trust funds should be exempt, as it is the pur…

(a) Should any state fund be the recipient of contributions, either by the matching of state funds or by a general donation to state funds, and the payment of money into the general fund should cause the fund to lose federal assistance, the governor shall certify to the state tre…

Application for refunds as provided by this section shall be filed with the controller, except as otherwise provided in this section, within three (3) years after the right to a refund shall have accrued, else the right shall be barred. The controller may delegate the authority t…

There is hereby established in the general fund a separate account to be known as the “basic health plan trust account”, to which shall be deposited any surplus revenues which are approved by the governor and general assembly for this purpose. All moneys now or hereafter in the b…

(a) There is hereby established a medical debt relief program to be administered by the general treasurer who has the authority to enter into a contract for the purchase, cancellation, and forgiveness of medical debts upon the following conditions: (1) That the debt was incurred …

Pursuant to § 35-3-7, the budget officer shall include all restricted and dedicated revenues received or anticipated by state agencies as a part of the budget request, showing for each budgetary category the amount of nongeneral revenue monies requested or anticipated, and the to…

(a) No agency shall establish new programs, or expand existing programs, including any program involving nonstate monies, beyond the scope of those already established, recognized, and appropriated for by the general assembly until the program and the availability of money is sub…

(a) Any restricted or special revenue funds that are received by a state agency that is not otherwise appropriated to that state agency by the annual appropriation acts of the regular session of the general assembly are hereby appropriated for that state agency for the purpose se…

(a) Dedicated receipts and special revenue funds received by “self supporting” or “proprietary” state agencies that derive all their financing from sources other than the general fund are exempt from the provisions of §§ 35-4-22.1 and 35-4-22.2. Colleges and universities under th…

From the proceeds of any receipts transferred pursuant to the provisions of the Rhode Island Constitution, the state controller is authorized to create an account or accounts within the bond capital fund. These accounts shall be used to record expenditures from these receipts, wh…

All state agencies shall apply for recovery of indirect costs when recovery is permissible under federal statute and grant regulations. All funds received for indirect costs recovery shall be turned over to the general treasurer and shall be placed in a restricted account in each…

(a) State agencies which receive funds from wards of the state for the purposes of maintaining these funds in trust while the person is in the care of the state shall deposit these funds in the general fund. (b) All funds received from patients, wards, inmates, or residents on a …

State agencies which operate business-like enterprises at the state institutions shall maintain the funds attributable to these operations in accounts within the general fund. All funds received by the department of corrections, the department of behavioral healthcare, developmen…

All funds received from store or vending machine profits, private donations which are not directed to other accounts, and investment earnings, excluding those earned in resident trust accounts, shall be deposited as general revenues. The agency shall, through the annual budget pr…

Indirect cost recoveries of fifteen percent (15%) of cash receipts shall be transferred from all restricted receipt accounts, to be recorded as general revenues in the general fund. However, there shall be no transfer from cash receipts with restrictions received exclusively: (1)…

Notwithstanding any law to the contrary, in each fiscal year, the following restricted receipt accounts will be converted to general revenue accounts: (1) Alcohol — Highway safety; (2) Highway safety program; (3) Court improvement project fund; (4) Criminal justice information sy…

All moneys due to the state shall be paid to the general treasurer, who shall be responsible for the safekeeping and proper disbursement thereof according to law.

Sections 35-4-4.1 — 35-4-4.6 shall be known as the “State Linked Deposit Policy”, as it will link the deposit of state funds with bank performance as determined by the rating system utilized by federal regulatory authorities in compliance with the provisions of the federal Commun…

The purpose of §§ 35-4-4.1 — 35-4-4.6 is to increase the availability of capital and banking services in low and moderate income neighborhoods of Rhode Island by using state deposits as an incentive. Sections 35-4-4.1 — 35-4-4.6 uses the federal evaluation of CRA performance in h…

The state, and its agencies and quasi-public authorities, shall invest or hold funds on deposit, whether temporarily or permanently, only at federally insured and regulated banks that are deemed to be financially sound or in money funds offered by banks directly or through their …

(a) Nothing in §§ 35-4-4.1 — 35-4-4.6 shall be construed as to require the state, or its agencies and instrumentalities, to liquidate existing funds on deposit prior to their maturity date(s) in order to comply with §§ 35-4-4.1 — 35-4-4.6. (b) Sections 35-4-4.1 — 35-4-4.6 are not…

The general treasurer shall have the responsibility for monitoring and enforcing the provisions of §§ 35-4-4.1 — 35-4-4.6. Each institution shall be required to file its latest public disclosure of its CRA performance evaluation with the general treasurer by November 30 of each y…

(a) As used in §§ 35-4-4.1 — 35-4-4.6, the following terms shall have the following meanings: (1) “Community Reinvestment Act (CRA)” shall mean the Community Reinvestment Act as enacted by the federal government as title VIII of the Housing and Community Development Act of 1977, …

(a) Any bank otherwise eligible for deposits or investments under this chapter shall make available for public inspection, upon request, the following: (1) The latest CRA statement; (2) The most recent CRA public disclosure report by the appropriate regulatory organization(s); (3…

(a) The general treasurer shall deposit or place, subject to his or her order, for the use of the state, all of the funds of the state received by him or her, in such a safe and responsible bank or banks, or trust company or trust companies, within this state having a paid-in cap…

The general treasurer is authorized and empowered, with the approval of the director of administration, to accept on behalf of the state any gift or bequest of personal property, money, securities, or other similar gift or bequest, given to the state absolutely by any state emplo…

Whenever a gift or bequest is in the form of personal property, securities, or a similar gift or bequest, the general treasurer is authorized and empowered in his or her discretion to sell at public sale that gift or bequest, and the receipts from the sale or sales and all other …

All payments from the state treasury shall be made by checks issued by the general treasurer, and each check shall bear an identification number or letter, or a combination of numbers or letters, and the general treasurer shall keep as a part of the records of his or her office t…

At least once a month the general treasurer shall obtain from each of the several depositories holding funds of the state, an account of the funds carried by him or her with the depository, shall compare the account with the records of his or her office, and shall list all outsta…