2022 -- S 2862 | |
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LC005735 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2022 | |
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A N A C T | |
RELATING TO PUBLIC FINANCE -- STATE FUNDS | |
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Introduced By: Senators Ciccone, Lombardo, F Lombardi, McCaffrey, and Goodwin | |
Date Introduced: April 05, 2022 | |
Referred To: Senate Labor | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds" |
2 | is hereby amended to read as follows: |
3 | 35-4-27. Indirect cost recoveries on restricted receipt accounts. |
4 | Indirect cost recoveries of ten percent (10%) of cash receipts shall be transferred from all |
5 | restricted-receipt accounts, to be recorded as general revenues in the general fund. However, there |
6 | shall be no transfer from cash receipts with restrictions received exclusively: (1) From contributions |
7 | from nonprofit charitable organizations; (2) From the assessment of indirect cost-recovery rates on |
8 | federal grant funds; or (3) Through transfers from state agencies to the department of administration |
9 | for the payment of debt service. These indirect cost recoveries shall be applied to all accounts, |
10 | unless prohibited by federal law or regulation, court order, or court settlement. The following |
11 | restricted receipt accounts shall not be subject to the provisions of this section: |
12 | Executive Office of Health and Human Services |
13 | Organ Transplant Fund |
14 | HIV Care Grant Drug Rebates |
15 | Health System Transformation Project |
16 | Department of Human Services |
17 | Veterans' home -- Restricted account |
18 | Veterans' home -- Resident benefits |
19 | Pharmaceutical Rebates Account |
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1 | Demand Side Management Grants |
2 | Veteran's Cemetery Memorial Fund |
3 | Donations -- New Veterans' Home Construction |
4 | Department of Health |
5 | Pandemic medications and equipment account |
6 | Miscellaneous Donations/Grants from Non-Profits |
7 | State Loan Repayment Match |
8 | Healthcare Information Technology |
9 | Department of Behavioral Healthcare, Developmental Disabilities and Hospitals |
10 | Eleanor Slater non-Medicaid third-party payor account |
11 | Hospital Medicare Part D Receipts |
12 | RICLAS Group Home Operations |
13 | Commission on the Deaf and Hard of Hearing |
14 | Emergency and public communication access account |
15 | Department of Environmental Management |
16 | National heritage revolving fund |
17 | Environmental response fund II |
18 | Underground storage tanks registration fees |
19 | De Coppet Estate Fund |
20 | Rhode Island Historical Preservation and Heritage Commission |
21 | Historic preservation revolving loan fund |
22 | Historic Preservation loan fund -- Interest revenue |
23 | Department of Public Safety |
24 | E-911 Uniform Emergency Telephone System |
25 | Forfeited property -- Retained |
26 | Forfeitures -- Federal |
27 | Forfeited property -- Gambling |
28 | Donation -- Polygraph and Law Enforcement Training |
29 | Rhode Island State Firefighter's League Training Account |
30 | Fire Academy Training Fees Account |
31 | Attorney General |
32 | Forfeiture of property |
33 | Federal forfeitures |
34 | Attorney General multi-state account |
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1 | Forfeited property -- Gambling |
2 | Department of Administration |
3 | OER Reconciliation Funding |
4 | Health Insurance Market Integrity Fund |
5 | RI Health Benefits Exchange |
6 | Information Technology Investment Fund |
7 | Restore and replacement -- Insurance coverage |
8 | Convention Center Authority rental payments |
9 | Investment Receipts -- TANS |
10 | OPEB System Restricted Receipt Account |
11 | Car Rental Tax/Surcharge-Warwick Share |
12 | Grants Management Administration |
13 | Executive Office of Commerce |
14 | Housing Resources Commission Restricted Account |
15 | Housing Production Fund |
16 | Department of Revenue |
17 | DMV Modernization Project |
18 | Jobs Tax Credit Redemption Fund |
19 | Legislature |
20 | Audit of federal assisted programs |
21 | Department of Children, Youth and Families |
22 | Children's Trust Accounts -- SSI |
23 | Military Staff |
24 | RI Military Family Relief Fund |
25 | RI National Guard Counterdrug Program |
26 | Treasury |
27 | Admin. Expenses -- State Retirement System |
28 | Retirement -- Treasury Investment Options |
29 | Defined Contribution -- Administration - RR |
30 | Violent Crimes Compensation -- Refunds |
31 | Treasury Research Fellowship |
32 | Business Regulation |
33 | Banking Division Reimbursement Account |
34 | Office of the Health Insurance Commissioner Reimbursement Account |
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1 | Securities Division Reimbursement Account |
2 | Commercial Licensing and Racing and Athletics Division Reimbursement Account |
3 | Insurance Division Reimbursement Account |
4 | Historic Preservation Tax Credit Account |
5 | Judiciary |
6 | Arbitration Fund Restricted Receipt Account |
7 | Third-Party Grants |
8 | RI Judiciary Technology Surcharge Account |
9 | Department of Elementary and Secondary Education |
10 | Statewide Student Transportation Services Account |
11 | School for the Deaf Fee-for-Service Account |
12 | School for the Deaf -- School Breakfast and Lunch Program |
13 | Davies Career and Technical School Local Education Aid Account |
14 | Davies -- National School Breakfast & Lunch Program |
15 | School Construction Services |
16 | Office of the Postsecondary Commissioner |
17 | Higher Education and Industry Center |
18 | Department of Labor and Training |
19 | Job Development Fund |
20 | Rhode Island Council on the Arts |
21 | Governors' Portrait Donation Fund |
22 | Statewide records management system account |
23 | Workers' Compensation Administrative Fund |
24 | Rhode Island Uninsured Employers Fund |
25 | Rhode Island Uninsured Protection Fund |
26 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC FINANCE -- STATE FUNDS | |
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1 | This act would add the Workers' Compensation Administrative Fund, Rhode Island |
2 | Uninsured Employers Fund and the Rhode Island Uninsured Protection Fund to those restricted |
3 | receipt accounts not subject to indirect cost recoveries. |
4 | This act would take effect upon passage. |
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