2014 -- S 2216 SUBSTITUTE A

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2014

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A N   A C T

RELATING TO PUBLIC FINANCE -- STATE FUNDS

     Introduced By: Senators Sosnowski, Miller, Pichardo, Picard, and Bates

     Date Introduced: January 30, 2014

     Referred To: Senate Finance

     It is enacted by the General Assembly as follows:

     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

      Pharmaceutical Rebates Account

      Demand Side Management Grants

      Organ transplant fund

      Veteran's Cemetery Memorial Fund

      Department of Health

      Providence Water Lead Grant

      Pandemic medications and equipment account

      Department of Behavioral Healthcare, Developmental Disabilities and Hospitals

      Eleanor Slater non-Medicaid third-party payor account

      Hospital Medicare Part D Receipts

      RICLAS Group Home Operations

      Commission on the Deaf and Hard of Hearing

      Emergency and public communication access account

      Department of Environmental Management

      National heritage revolving fund

      Environmental response fund II

      Underground storage tanks registration fees

      Rhode Island Historical Preservation and Heritage Commission

      Historic preservation revolving loan fund

      Historic Preservation loan fund -- Interest revenue

      Department of Public Safety

      Forfeited property -- Retained

      Forfeitures -- Federal

      Forfeited property -- Gambling

      Donation -- Polygraph and Law Enforcement Training

      Rhode Island State Firefighter's League Training Account

      Fire Academy Training Fees Account

      Attorney General

      Forfeiture of property

      Federal forfeitures

      Attorney General multi-state account

      Forfeited property -- Gambling

      Department of Administration

      Office of Management and Budget

      Information Technology Investment Fund

      Restore and replacement -- Insurance coverage

      Convention Center Authority rental payments

      Investment Receipts -- TANS

      Car Rental Tax/Surcharge-Warwick Share

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      Legislature

      Audit of federal assisted programs

      Department of Children, Youth and Families

      Children's Trust Accounts -- SSI

      Military Staff

      RI Military Family Relief Fund

      RI National Guard Counterdrug Program

      Treasury

      Admin. Expenses -- State Retirement System

      Retirement -- Treasury Investment Options

      Violent Crimes Compensation -- Refunds

      Treasury Research Fellowship

      Business Regulation

      Banking Division Reimbursement Account

      Office of the Health Insurance Commissioner Reimbursement Account

      Securities Division Reimbursement Account

      Commercial Licensing and Racing and Athletics Division Reimbursement Account

      Insurance Division Reimbursement Account

      Historic Preservation Tax Credit Account.

      Judiciary

      Arbitration Fund Restricted Receipt Account

      Third Party Grants

      Department of Elementary and Secondary Education

      Statewide Student Transportation Services Account

      School for the Deaf Fee for Service Account

      Davies Career and Technical School Local Education Aid Account

      Department of Labor and Training

      Job Development Fund -- Title XII loans principal and interest

      Department of Transportation

      Rhode Island Highway Maintenance Account

     SECTION 2. This act shall take on January 1, 2015.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC FINANCE -- STATE FUNDS

***

     This act would exempt the entire job development fund from the indirect cost recoveries

on restricted receipt accounts.

     This act would take effect on January 1, 2015.

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