=======

art.008/1

1-1

ARTICLE 8

1-2

RELATING TO INFORMATION TECHNOLOGY INVESTMENT FUND

1-3

     SECTION 1. Section 42-11-2.5 of the General Laws in Chapter 42-11 entitled

1-4

“Department of Administration” is hereby amended to read as follows:

1-5

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

1-6

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

1-7

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

1-8

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

1-9

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

1-10

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

1-11

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

1-12

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

1-13

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

1-14

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

1-15

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

1-16

cost recovery provisions of § 35-4-27.

1-17

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

1-18

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

1-19

maintenance and upgrade contracts for state departments and agencies.

1-20

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

1-21

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

1-22

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

1-23

the revolving loan fund from this account.

1-24

     SECTION 2. This article shall take effect upon passage.