Title 35, Title 35 Finance

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…

The director of administration may establish in any state department or agency a system of rotary or rotating funds for petty cash payments and for the purpose of paying such accounts as may in the judgment of the director be desirable. The director may make rules and regulations…

Notwithstanding the provisions of § 35-5-5, any rotary or rotating fund established for centralized services under the control of the department of administration, including information technology, capital asset management and maintenance and human resources, shall consist of, in…

Any state department or agency, with the approval of the director, may appoint one or more disbursing officers who shall have the custody and full charge of, and be responsible for the proper disposition of, funds. Every disbursing officer so appointed shall furnish bonds running…

For the purpose of providing from time to time moneys for the establishment of rotary funds, a sum sufficient is hereby appropriated out of any money in the treasury not otherwise appropriated, and the proper officer of any state department or agency may present a voucher to the …

All moneys deposited in any bank or trust company as rotary or rotating funds by any disbursing officer shall be held as the property of the state subject to the order of the disbursing officer depositing the money, and shall also be subject to the order of and shall be withdrawn…

Every disbursing officer shall at the end of each month render to the state controller a statement, in the form prescribed by the controller, together with duly authenticated vouchers, covering expenditures from the funds for each month, and when approved by the state controller,…

When authorized by any state department or agency approved by the director of administration, any disbursing officer shall also have charge of the payment of salaries and wages of officers and employees of the department or agency, and the state controller is authorized and direc…

Whenever the director of administration shall so request in writing, any disbursing officer shall turn over to the general treasurer any balance remaining in his or her custody or subject to his or her order, accounting at the same time to the controller for the full amount of th…

Notwithstanding the provisions of § 35-5-5, any rotary or rotating fund established for the general store at the state institutions at Cranston, under the control of the department of corrections, shall consist of, in addition to such sums as may be provided by appropriation for …

The term “general store”, as used in this chapter, shall be deemed to include the general store, drug store, and bakery at the state institutions in Cranston under the control of the department of corrections.

(a) Within the department of administration there shall be a controller who shall be appointed by the director of administration pursuant to chapter 4 of title 36. The controller shall be responsible for accounting and expenditure control and shall be required to: (1) Administer …

The controller shall open an account with each appropriation made by the general assembly, in which he or she shall credit the object for which the appropriation shall be made with the amount appropriated, and shall charge the several orders drawn against the same.

The controller shall examine, adjust, and determine all accounts and claims against the state, for the payment of which provision shall have been made by law, and by appropriations made therefor, and shall certify to the general treasurer the amount due and allowed by him or her …

Whenever any claim or account shall be disallowed by the state controller, he or she shall state upon or annex to the account or claim his or her reasons for disallowing the claim or account, and shall also keep a record thereof, or at least of the date, the amount, the name of t…

Every account allowed by the supreme court, superior court, family court, workers’ compensation court, district court, or traffic tribunal, and every certificate allowed for any attendance in these courts in cases provided by law, and every account or bill of costs, with the item…