2019 -- H 5148

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LC000704

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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J O I N T   R E S O L U T I O N

MAKING AN APPROPRIATION OF $20,000,000 TO THE R.I. CAPITAL PLAN FUNDS

(RICAP)

     

     Introduced By: Representatives McLaughlin, McNamara, Jackson, Bennett, and
Solomon

     Date Introduced: January 17, 2019

     Referred To: House Finance

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     WHEREAS, Section 35-4-23 of the Rhode Island General Laws designates the Rhode

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Island capital plan funds as follows: "From the proceeds of any receipts transferred pursuant to

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the provisions of the Rhode Island Constitution, the state controller is authorized to create an

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account or accounts within the bond capital fund. These accounts shall be used to record

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expenditures from these receipts, which are authorized to be spent with the approval of the

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governor. Certain of these funds may be allocated to agencies for the purpose of completing

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preliminary planning studies for proposed projects. In the event the project is completed with

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funds appropriated from another source, the preliminary planning funds shall be returned to the

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bond capital fund and shall be placed in a revolving account for future reallocation. The intended

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use of the Rhode Island capital plan funds shall be determined through the annual capital and

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operating budget process"; now, therefore be it

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     RESOLVED, That there is hereby appropriated, out of any money in the treasury not

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otherwise appropriated for the fiscal year 2019-2020, the sum of twenty million dollars

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($20,000,000), in addition to the sums proposed in the Governor's Fiscal Year 2019-2020 budget,

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to the Rhode Island capital plan funds, for transportation projects to ensure a reliable and safe

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transportation system including, but not limited to, reducing the number of deficient bridges in

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Rhode Island; and the state controller is hereby authorized and directed to draw orders upon the

 

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general treasurer for the payment of said sum, upon receipt of properly authenticated vouchers.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

J O I N T   R E S O L U T I O N

MAKING AN APPROPRIATION OF $20,000,000 TO THE R.I. CAPITAL PLAN FUNDS

(RICAP)

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     This resolution would authorize the appropriation of the sum of $20,000,000 to the

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Rhode Island capital plan funds.

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LC000704

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