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§42-113-5  Creation of Rhode Island housing and conservation trust fund. –


Published: 2015

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TITLE 42

State Affairs and Government

CHAPTER 42-113

Rhode Island Housing and Conservation Trust Fund Act

SECTION 42-113-5



   § 42-113-5  Creation of Rhode Island

housing and conservation trust fund. –

(a) There is created a special account in the state general fund to be known as

the "Rhode Island housing and conservation trust fund." The fund is

administered by the board and expenditures from the fund are made only to

implement and effectuate the policies and purposes of this chapter. The board

is authorized to accept any private grant, devise, bequest, donation, gift, or

assignment of money, bonds, or other valuable securities for deposit in and

credit of the Rhode Island housing and conservation trust fund.



   (b) Unexpended balances and any earnings shall not revert to

the general fund but shall remain in the fund for use in accord with the

purposes of this chapter.



   (c) The members of the board and the executive director shall

be appointed upon June 23, 1994.



History of Section.

(P.L. 1990, ch. 347, § 1; P.L. 1993, ch. 422, § 17; P.L. 1994, ch.

14, § 17; P.L. 1994, ch. 80, § 1.)