2014 -- S 2216 SUBSTITUTE B

========

LC003644/SUB B/2

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2014

____________

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) fFrom contributions from

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

federal grant funds; or (3) tThrough 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:

     Executive Office of Health and Human Services

     Organ Transplant Fund

     HIV Care Grant Drug Rebates

     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

     Donations- New Veterans' Home Construction

     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

LC003644/SUB B/2 - Page 2 of 4

     Restore and replacement – Insurance coverage

     Convention Center Authority rental payments

     Investment Receipts – TANS

     Car Rental Tax/Surcharge-Warwick Share

     Housing Resources Commission Restricted Account

     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

LC003644/SUB B/2 - Page 3 of 4

     Rhode Island Highway Maintenance Account

     SECTION 2. The provision relating to the Job Development Fund shall take effect on

July 1, 2014, notwithstanding the provision of Article 3, Section 4 of 2014 H-7133 Substitute A,

entitled "AN ACT MAKING APPROPRIATIONS FOR THE SUPPORT OF THE STATE FOR

THE FISCAL YEAR ENDING JUNE 30, 2015." The remainder of the act shall take effect on

January 1, 2014.

========

LC003644/SUB B/2

========

LC003644/SUB B/2 - Page 4 of 4

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC FINANCE -- STATE FUNDS

***

     This act would exempt specified restricted receipt accounts from the ten percent (10%)

indirect cost recovery charge.

     The provision relating to the Job Development Fund would take effect on July 1, 2014,

notwithstanding the provision of Article 3, Section 4 of 2014 H-7133 Substitute A, entitled "AN

ACT MAKING APPROPRIATIONS FOR THE SUPPORT OF THE STATE FOR THE FISCAL

YEAR ENDING JUNE 30, 2015." The remainder of the act would take effect on January 1,

2014.

========

LC003644/SUB B/2

========

LC003644/SUB B/2 - Page 5 of 4