Public Finance

Rotary Funds

SECTION 35-5-4

§ 35-5-4. Funds property of state – Withdrawal by general treasurer.

All moneys deposited in any bank or trust company as rotary or rotating funds by any disbursing officer shall be held as the property of the state subject to the order of the disbursing officer depositing the money, and shall also be subject to the order of and shall be withdrawn by the general treasurer at any time upon request of the director of administration; and when so withdrawn the moneys shall be credited to the appropriation to which the moneys were originally charged.

History of Section.
(P.L. 1927, ch. 981, § 4; G.L. 1938, ch. 7, § 48; impl. am. P.L. 1951, ch. 2727, art. 1, § 3; G.L. 1956, § 35-5-4.)