A N A C T
RELATING TO STATE FUNDS
It is enacted by the General Assembly as follows:
SECTION 1. Sections 35-4-1 and 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds" are hereby amended to read as follows:
35-4-1. Revenue credited to general fund -- Exceptions -- Deposits -- All receipts and revenue of the state shall be credited by the general treasurer to the general fund of the state with the exception of receipts or revenue pertaining to the following funds:
(1) Permanent school fund;
(2) Touro Jewish synagogue fund;
(3) Land-grant fund of 1862;
(4) Veterans' home fund;
(5) United States cooperative vocational education fund;
(6) United States industrial rehabilitation fund;
(7) Forestry cooperative fund;
(8) State sinking fund;
(9) Fire insurance fund;
(10) Fund for relief of firemen;
(11) Fund for relief of policemen;
(12) Funds received from the federal government in accordance with the provisions of parts 1 and 2 of title V of the "Social Security Act", 42 U.S.C. section 501 et seq.; and
(13) Such other funds as may by federal law or regulation, or by enactment of the general assembly, be allocated to a specific fund, provided, that nothing contained in this section shall amend or modify section 19-3.1-9, which pertains to securities deposited by trust companies and national banks having trust departments; section 19-5-15, which pertains to credit unions; nor section 27-1-5, which pertains to deposits of securities by insurance companies with the general treasurer.
(14) Funds received until June 30, 2002 from the Northeast Dairy Compact Commission which was enacted into law in Rhode Island by Public Law 93-106, R.I.G.L. 2-24-1 et seq. These funds are to be passed from the Northeast Dairy Compact Commission through the department of elementary and secondary education to reimburse school districts for school milk that is exempted from the federal over-order price regulation obligation at 7 CFR 1301. These funds are to be placed in a restricted receipt account hereby established within the department of elementary and secondary education separate from all other accounts within the department of elementary and secondary education. All funds deposited in the restricted receipt account established herein shall be disbursed prior June 30, 2002.
35-4-27. Indirect cost recoveries on restricted receipt accounts -- Indirect cost recoveries of seven percent (7%) 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 from contributions from non-profit charitable organizations. These indirect cost recoveries shall be applied to all accounts, unless prohibited by federal law or regulation, court order, or court settlement. The following restricted receipt accounts shall not be subject to the provisions of this section:
|
ACCOUNT |
PROGRAM |
|
1052-80300 |
Ladd school - Patients' benefit |
|
1065-80300 |
IMH - Patients' benefit |
|
1072-80200 |
General hospital - Patients' benefit |
|
1074-80300 |
Zambarano - Patients' benefit |
|
1101-80601 |
Indirect cost recovery |
|
1143-80100 |
Forfeited property - Drug control |
|
1210-80102 |
Indirect cost recoveries |
|
1210-80103 |
Indirect cost recoveries |
|
1210-80105 |
Indirect cost recoveries |
|
1210-80106 |
Indirect cost recoveries |
|
1235-80100 |
Veterans home restricted account |
|
1235-80300 |
Veterans' home-resident benefits |
|
1260-80100 |
Organ transplant fund |
|
1370-80100 |
Custody of U.S. detainees |
|
1370-80300 |
ACI-Inmate benefits |
|
1410-80100 |
Recovery of indirect costs |
|
1725-80100 |
National heritage revolving fund |
|
1725-80300 |
Blackstone River bicycle study |
|
1732-80800 |
Non-game wildlife fund (G.L. 20-18) |
|
1736-80600 |
Galilee Port improvement |
|
1751-81000 |
RIDOT permits program |
|
1753-80200 |
UST loan fund |
|
1754-80200 |
Environmental response fund Ii |
|
1754-80700 |
RIDOT Quonset cleanup |
|
1759-80100 |
Underground storage tanks |
|
1912-80200 |
R.I.P.T.A. |
|
1932-80200 |
Gasoline tax/debt service* |
|
2024-80400 |
Asset forfeiture fund |
|
2024-81200 |
Indirect cost recovery - SA |
|
2061-80400 |
Art for public facilities fund |
|
2062-80500 |
Historic preservation revolving loan fund |
|
2062-80600 |
Hp rev. loan fund - Interest revenue |
|
2211-80100 |
Forfeiture of property |
|
2211-80600 |
Federal forfeitures |
|
2441-80100 |
COBRA |
|
2450-80200 |
DEPCO escrow account |
|
2473-80100 |
Public service corp. tax - Admin. expen. |
|
2480-80400 |
Restore and replacement-insurance coverage |
|
2480-80800 |
Convention center authority rental payments |
|
2570-80100 |
Forfeited property - Retained |
|
2570-80200 |
Seized & forfeited prop-fed distrbd. |
|
2570-80400 |
Forfeited property - Gambling |
|
2626-80100 |
Audit of federal assisted programs |
|
2816-80100 |
Arts and tourism development fund |
|
2920-80300 |
Debt service on borrowed funds |
|
3260-81500 |
Intermodal surface transportation fund |
|
1430-80100 |
Northeast Dairy Compact Commission |
SECTION 2. This act shall take effect upon passage.