2013 -- H 5315

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LC00344

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2013

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A N A C T

RELATING TO PUBLIC FINANCE - STATE FUNDS - JOB DEVELOPMENT FUND

     Introduced By: Representatives Walsh, Tanzi, Cimini, Ferri, and Ruggiero

     Date Introduced: February 07, 2013

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds"

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is hereby amended to read as follows:

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     35-4-27. Indirect cost recoveries on restricted receipt accounts. -- Indirect cost

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recoveries of ten percent (10%) of cash receipts shall be transferred from all restricted receipt

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accounts, to be recorded as general revenues in the general fund. However, there shall be no

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transfer from cash receipts with restrictions received exclusively: (1) from contributions from

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non-profit charitable organizations; (2) from the assessment of indirect cost recovery rates on

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federal grant funds; or (3) through transfers from state agencies to the department of

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administration for the payment of debt service. These indirect cost recoveries shall be applied to

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all accounts, unless prohibited by federal law or regulation, court order, or court settlement. The

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following restricted receipt accounts shall not be subject to the provisions of this section:

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      Department of Human Services

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      Veterans' home -- Restricted account

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      Veterans' home -- Resident benefits

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      Organ transplant fund

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      Veteran's Cemetery Memorial Fund

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      Department of Health

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      Pandemic medications and equipment account

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      Department of Mental Health, Retardation and Hospitals

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      Eleanor Slater non-Medicaid third-party payor account

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      Hospital Medicare Part D Receipts

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      RICLAS Group Home Operations

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      Vigneron Memorial Fund Grant

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      Department of Environmental Management

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      National heritage revolving fund

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      Environmental response fund II

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      Underground storage tanks registration fees

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      Rhode Island Council on the Arts

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      Art for public facilities fund

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      Rhode Island Foundation Grant

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      Rhode Island Historical Preservation and Heritage Commission

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      Historic preservation revolving loan fund

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      Historic Preservation loan fund -- Interest revenue

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      Department of Public Safety

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      Forfeited property -- Retained

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      Forfeitures -- Federal

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      Forfeited property -- Gambling

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      Donation -- Polygraph and Law Enforcement Training

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      Rhode Island State Firefighter's League Training Account

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      Fire Academy Training Fees Account

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      Attorney General

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      Forfeiture of property

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      Federal forfeitures

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      Attorney General multi-state account

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      Department of Administration

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      Office of Management and Budget

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      Information Technology Investment Fund

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      Restore and replacement -- Insurance coverage

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      Convention Center Authority rental payments

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      Investment Receipts -- TANS

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      Car Rental Tax/Surcharge-Warwick Share

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      OPEB System Restricted Receipt Account

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      ARRA Administrative Expenses - Bureau of Audits

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      ARRA Administrative Expenses - Purchasing

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      Legislature

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      Audit of federal assisted programs

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      Department of Elderly Affairs

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      Pharmaceutical Rebates Account

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      Department of Children Youth and Families

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      Children's Trust Accounts -- SSI

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      Military Staff

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      RI Military Family Relief Fund

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      RI National Guard Counterdrug Program

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      Treasury

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      Admin. Expenses -- State Retirement System

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      Retirement -- Treasury Investment Options

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      Business Regulation

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      Banking Division Reimbursement Account

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      Office of the Health Insurance Commissioner Reimbursement Account

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      Securities Division Reimbursement Account

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      Commercial Licensing and Racing and Athletics Division Reimbursement Account

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      Insurance Division Reimbursement Account

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      Historic Preservation Tax Credit Account.

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      Judiciary

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      Arbitration Fund Restricted Receipt Account

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      Department of Elementary and Secondary Education

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      Statewide Student Transportation Services Account

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      School for the Deaf Fee for Service Account

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      Davies Career and Technical School Local Education Aid Account

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      Early Childhood Grant Program Account

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      Office of the Governor

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      ARRA Administrative Expenses -- Office of Economic Recovery and ReInvestment

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      Department of Labor and Training

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      Job Development Fund -- Title XII loans principal and interest

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     SECTION 2. This act shall take effect upon passage.

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LC00344

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO PUBLIC FINANCE - STATE FUNDS - JOB DEVELOPMENT FUND

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     This act would exempt the monies held in the state job development fund from the state's

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ten percent (10%) cost recovery charge against restricted receipt account funds.

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     This act would take effect upon passage.

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LC00344

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