TITLE 35
Public Finance

CHAPTER 35-4
State Funds

SECTION 35-4-4.2


§ 35-4-4.2 State Linked Deposit Policy – Legislative purpose.

The purpose of §§ 35-4-4.1 – 35-4-4.6 is to increase the availability of capital and banking services in low and moderate income neighborhoods of Rhode Island by using state deposits as an incentive. Sections 35-4-4.1 – 35-4-4.6 uses the federal evaluation of CRA performance in helping the state decide where to deposit its funds.

History of Section.
(P.L. 1992, ch. 175, § 1.)