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.)