ARTICLE 26 AS AMENDED

RELATING TO PUBLIC PROPERTY AND WORKS

SECTION 1. Chapter 37-7 of the General Laws entitled "Management and Disposal of

Property" is hereby amended by adding thereto the following section:

37-7-15. Sale of state-owned land, buildings and improvements thereon and other

real property. – (a) Total annual proceeds from the sale of any land and the buildings and

improvements thereon, and other real property title to which is vested in the State of Rhode Island

or title to which will be vested in the state upon completion of any condemnation or other

proceedings, shall be transferred to and made available for the purposes outlined in section 42-11-

2.5 of the general laws, unless otherwise prohibited by federal law.

(b) Provided, however, this shall not include proceeds from the sale of any land and the

buildings and improvements thereon that will be created by the relocation of interstate route 195

which is sometimes collectively referred to as the “I-195 Surplus Land” which land is identified

in the “Rhode Island Interstate 195 Relocation Surplus Land: Redevelopment and Market

Analysis” prepared by CKS Architecture & Urban Design dated 2009, and such term means those

certain tracts or parcels of land situated in the city of Providence, county of Providence, State of

Rhode Island, delineated on that certain plan of land captioned “Improvements to Interstate Route

195, Providence, Rhode Island, Proposed Development Parcel Plans 1 through 10, Scale: 1”=20’,

May 2010, Bryant Associates, Inc., Engineers-Surveyors-Construction Managers, Lincoln, Rhode

Island, Maguire Group, Inc., Architects/Engineers/Planners, Providence, Rhode Island.”

SECTION 2. Chapter 42-11 of the General Laws entitled "Department of

Administration" is hereby amended by adding thereto the following section:

42-11-2.5. Information technology investment fund. – (a) All sums from the sale of

any land and the buildings and improvements thereon, and other real property title to which is

vested in the state except as provided in subsection 37-7-15(b) shall be transferred to an

Information Technology Investment Fund restricted receipt account that is hereby established.

This fund shall consist of such sums from the sale of any land and the buildings and

improvements thereon, and other real property title to which is vested in the state except as

provided in subsection 37-7-15(b). This fund may also consist of such sums as the state may from

time to time appropriate, as well as money received from the disposal of information technology

equipment, loan, interest and service charge payments from benefiting state agencies, as well as

interest earnings, money received from the federal government, gifts, bequest, donations, or to

otherwise from any public or private source. Any such funds shall be exempt from the indirect

cost recovery provisions of section 35-4-27.

(b) This fund shall be used for the purpose of acquiring information technology

improvements, including, but not limited to, hardware, software, consulting services, and ongoing

maintenance and upgrade contracts for state departments and agencies.

(c) The division of information technology of the Rhode Island department of

administration shall adopt rules and regulations consistent with the purposes of this chapter and

chapter 35 of title 42, in order to provide for the orderly and equitable disbursement of funds from

the revolving loan fund.

SECTION 3. This act shall take effect upon passage.