ARTICLE 11 SUBSTITUTE A

 

RELATING TO RESTRICTED RECEIPT ACCOUNTS

 

SECTION 1.  Section 35-4-27 of the General Laws in Chapter 35-4 entitled “State Funds” is hereby amended to read as follows:

 

§ 35-4-27. Indirect cost recoveries on restricted receipt accounts.  – Indirect cost recoveries of ten percent (10%) 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) from contributions from non-profit charitable organizations; (2) from the assessment of indirect cost recovery rates on federal grant funds; or (3) through transfers from state agencies to the department of administration for the payment of debt service. 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:

Department of Human Services

            Veterans' home – Restricted account

            Veterans' home – Resident benefits

            Organ transplant fund

            Veteran’s Cemetery Memorial Fund

Department of Environmental Management

            National heritage revolving fund

            Environmental response fund II

            Underground storage tanks

Rhode Island Council on the Arts

            Art for public facilities fund

Rhode Island Historical Preservation and Heritage Commission

            Historic preservation revolving loan fund

            Historic Preservation loan fund – Interest revenue

State Police

            Forfeited property – Retained

            Forfeitures – Federal

            Forfeited property – Gambling

Attorney General

            Forfeiture of property

            Federal forfeitures

            Attorney General multi-state account

Department of Administration

            Restore and replacement – Insurance coverage

            Convention Center Authority rental payments

            Investment Receipts – TANS

            Car Rental Tax/Surcharge-Warwick Share

Legislature

            Audit of federal assisted programs

Department of Elderly Affairs

            Pharmaceutical Rebates Account

Department of Children Youth and Families

            Children’s Trust Accounts – SSI

Military Staff

            RI Military Family Relief Fund

Treasury

            Admin. Expenses – State Retirement System

            Retirement – Treasury Investment Options

 

SECTION 2.  This article shall take effect upon passage.