CHAPTER 427

94-S 2629 am

Approved Jul. 14, 1994.

AN ACT RELATING TO VARIOUS HOUSEKEEPING MATTERS IN THE OFFICE OF THE GENERAL TREASURER

It is enacted by the General Assembly as follows:

SECTION 1. Section 42-10-8 of the General Laws in Chapter 42-10 entitled "Office of the General Treasurer -- Hours Open" is hereby amended to read as follows:

{ADD 42-10-8. Office of treasurer -- Hours open. -- ADD} The office of the general treasurer shall be in the state house, and shall, except as provided by section 25-1-5, be kept open daily, {ADD except Saturdays, ADD} Sundays and holidays {DEL excepted, from ten and one-half o'clock in the forenoon (10:30 a.m.) until three o'clock in the afternoon (3:00 p.m.), except on Saturdays, when it shall close at twelve o'clock noon (12:00 p.m.) DEL} .

SECTION 2. Section 42-10-17 of the General Laws in Chapter 42-10 entitled "Annual Report to General Assembly" is hereby amended to read as follows:

{ADD 42-10-17. Annual report to general assembly. -- ADD} (a) The general treasurer shall present to the general assembly on or before the tenth day of {DEL January DEL} {ADD October ADD} in each year a report of the business transacted by his/or her office during the fiscal year or period next preceding, showing receipts and payments from the general treasury and from all other funds and accounts under his/or her control. The general treasurer shall report the balance on hand in each of those funds at the close of the last fiscal year or period, the banks in which the funds are deposited and the rate of interest paid thereon. The general treasurer shall give in the report a detailed statement of the receipts of the state treasury showing the several sources of revenue, the amount received from each source, and the account of taxes received, but only an abstract of the report shall be printed.

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SECTION 3. Section 28-39-6 of the General Laws in Chapter 28-39 entitled "Treasurer of compensation fund -- Bond -- Deposit -- Deposits" is hereby amended to read as follows:

{ADD 28-39-6. Treasurer of compensation fund -- Bond -- Deposits -- Deputies. -- ADD} The general treasurer of the state of Rhode Island and Providence Plantations shall be custodian and treasurer of the fund and shall pay all vouchers duly authenticated and drawn upon the fund. He shall have custody of all moneys belonging to the fund and not otherwise held or deposited or invested pursuant to chapters 39 -- 41, inclusive, of this title. The general treasurer shall give bond conditioned on the faithful performance of his duties as custodian and treasurer of the fund, in a form prescribed by statute and approved by the attorney general, and in an amount specified by the director and approved by the governor. All premiums upon bonds required pursuant to this section when furnished by an authorized surety company or by a duly constituted governmental bonding fund shall be paid by the state from funds made available for that purpose by the general assembly. The general treasurer shall deposit the moneys in his custody subject to the provisions of chapters 39 -- 41, inclusive, of this title. The general treasurer, as treasurer of the fund, shall assign such subordinates or employees to the department of employment security as he or she shall deem necessary {ADD . ADD} {DEL which subordinates and/or employees shall be within the classified service DEL} and shall be paid out of funds made available to the department of employment security for administration purposes.

SECTION 4. Section 33-21.1-23 of the General Laws in Chapter 33-21.1 entitled "Deposit of funds" is hereby amended as follows:

{ADD 33-21.1-23. Deposit of funds. -- ADD} (a) Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund of this state all funds received under this chapter, including the proceeds from the sale of abandoned property under subsection 33-21.1-22. The administrator shall retain in a separate {ADD bank ADD} account an amount not less than one hundred thousand dollars ($100,000) from which prompt payment of claims duly allowed must be made by him or her. Before making the deposit, the administrator shall record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary and with respect to each policy or contract listed in the report of an insurance company its number and the name of the company. The record with the exception of the amount due must be available for public inspection at all reasonable business hours.

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SECTION 5. This act shall take effect upon passage.



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