Rhode Island 2025 Regular Session

Rhode Island Senate Bill S0442 Compare Versions

Only one version of the bill is available at this time.

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5	5	2025 -- S 0442
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7	7	LC001851
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9	9	S T A T E O F R H O D E I S L A N D
10	10	IN GENERAL ASSEMBLY
11	11	JANUARY SESSION, A.D. 2025
12	12	____________
13	13
14	14	A N A C T
15	15	RELATING TO PUBLIC FINANCE -- STATE FUNDS
16	16	Introduced By: Senators McKenney, Felag, Dimitri, Britto, and Vargas
17	17	Date Introduced: February 26, 2025
18	18	Referred To: Senate Finance
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21	21	It is enacted by the General Assembly as follows:
22	22	SECTION 1. Section 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds" 1
23	23	is hereby amended to read as follows: 2
24	24	35-4-27. Indirect cost recoveries on restricted receipt accounts. [Effective January 1, 3
25	25	2025.] 4
26	26	Indirect cost recoveries of ten percent (10%) of cash receipts shall be transferred from all 5
27	27	restricted receipt accounts, to be recorded as general revenues in the general fund. However, there 6
28	28	shall be no transfer from cash receipts with restrictions received exclusively: (1) From contributions 7
29	29	from nonprofit charitable organizations; (2) From the assessment of indirect cost-recovery rates on 8
30	30	federal grant funds; or (3) Through transfers from state agencies to the department of administration 9
31	31	for the payment of debt service. These indirect cost recoveries shall be applied to all accounts, 10
32	32	unless prohibited by federal law or regulation, court order, or court settlement. The following 11
33	33	restricted receipt accounts shall not be subject to the provisions of this section: 12
34	34	Executive Office of Health and Human Services 13
35	35	Organ Transplant Fund 14
36	36	HIV Care Grant Drug Rebates 15
37	37	Health System Transformation Project 16
38	38	Rhode Island Statewide Opioid Abatement Account 17
39	39	HCBS Support-ARPA 18
40	40	HCBS Admin Support-ARPA 19
41	41
42	42
43	43	LC001851 - Page 2 of 6
44	44	Department of Human Services 1
45	45	Veterans’ home — Restricted account 2
46	46	Veterans’ home — Resident benefits 3
47	47	Pharmaceutical Rebates Account 4
48	48	Demand Side Management Grants 5
49	49	Veteran’s Cemetery Memorial Fund 6
50	50	Donations — New Veterans’ Home Construction 7
51	51	Commodity Supplemental Food Program-Claims 8
52	52	Department of Health 9
53	53	Pandemic medications and equipment account 10
54	54	Miscellaneous Donations/Grants from Non-Profits 11
55	55	State Loan Repayment Match 12
56	56	Healthcare Information Technology 13
57	57	Department of Behavioral Healthcare, Developmental Disabilities and Hospitals 14
58	58	Eleanor Slater non-Medicaid third-party payor account 15
59	59	Hospital Medicare Part D Receipts 16
60	60	RICLAS Group Home Operations 17
61	61	Group Home Facility Improvement Fund 18
62	62	Commission on the Deaf and Hard of Hearing 19
63	63	Emergency and public communication access account 20
64	64	Department of Environmental Management 21
65	65	National heritage revolving fund 22
66	66	Environmental response fund II 23
67	67	Underground storage tanks registration fees 24
68	68	De Coppet Estate Fund 25
69	69	Rhode Island Historical Preservation and Heritage Commission 26
70	70	Historic preservation revolving loan fund 27
71	71	Historic Preservation loan fund — Interest revenue 28
72	72	Department of Public Safety 29
73	73	E-911 Uniform Emergency Telephone System 30
74	74	Forfeited property — Retained 31
75	75	Forfeitures — Federal 32
76	76	Forfeited property — Gambling 33
77	77	Donation — Polygraph and Law Enforcement Training 34
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79	79
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81	81	Rhode Island State Firefighter’s League Training Account 1
82	82	Fire Academy Training Fees Account 2
83	83	Attorney General 3
84	84	Forfeiture of property 4
85	85	Federal forfeitures 5
86	86	Attorney General multi-state account 6
87	87	Forfeited property — Gambling 7
88	88	Department of Administration 8
89	89	OER Reconciliation Funding 9
90	90	Health Insurance Market Integrity Fund 10
91	91	RI Health Benefits Exchange 11
92	92	Information Technology restricted receipt account 12
93	93	Restore and replacement — Insurance coverage 13
94	94	Convention Center Authority rental payments 14
95	95	Investment Receipts — TANS 15
96	96	OPEB System Restricted Receipt Account 16
97	97	Car Rental Tax/Surcharge-Warwick Share 17
98	98	Grants Management Administration 18
99	99	RGGI-Executive Climate Change Coordinating Council Projects 19
100	100	Electric Vehicle Charging Stations Operating and Maintenance Account 20
101	101	Department of Housing 21
102	102	Housing Resources and Homelessness Restricted Receipt Account 22
103	103	Housing Production Fund 23
104	104	Low-Income Housing Tax Credit Fund 24
105	105	Department of Revenue 25
106	106	DMV Modernization Project 26
107	107	Jobs Tax Credit Redemption Fund 27
108	108	Legislature 28
109	109	Audit of federal assisted programs 29
110	110	Department of Children, Youth and Families 30
111	111	Children’s Trust Accounts — SSI 31
112	112	Military Staff 32
113	113	RI Military Family Relief Fund 33
114	114	RI National Guard Counterdrug Program 34
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118	118	Treasury 1
119	119	Admin. Expenses — State Retirement System 2
120	120	Retirement — Treasury Investment Options 3
121	121	Defined Contribution — Administration - RR 4
122	122	Violent Crimes Compensation — Refunds 5
123	123	Treasury Research Fellowship 6
124	124	Business Regulation 7
125	125	Banking Division Reimbursement Account 8
126	126	Office of the Health Insurance Commissioner Reimbursement Account 9
127	127	Securities Division Reimbursement Account 10
128	128	Commercial Licensing and Racing and Athletics Division Reimbursement Account 11
129	129	Insurance Division Reimbursement Account 12
130	130	Historic Preservation Tax Credit Account 13
131	131	Marijuana Trust Fund 14
132	132	Social Equity Assistance Fund 15
133	133	Judiciary 16
134	134	Arbitration Fund Restricted Receipt Account 17
135	135	Third-Party Grants 18
136	136	RI Judiciary Technology Surcharge Account 19
137	137	Department of Elementary and Secondary Education 20
138	138	Statewide Student Transportation Services Account 21
139	139	School for the Deaf Fee-for-Service Account 22
140	140	School for the Deaf — School Breakfast and Lunch Program 23
141	141	Davies Career and Technical School Local Education Aid Account 24
142	142	Davies — National School Breakfast & Lunch Program 25
143	143	School Construction Services 26
144	144	Office of the Postsecondary Commissioner 27
145	145	Higher Education and Industry Center 28
146	146	IGT STEM Scholarships 29
147	147	Department of Labor and Training 30
148	148	Job Development Fund 31
149	149	Contractor Training Restricted Receipt Account 32
150	150	Rhode Island Council on the Arts 33
151	151	Governors’ Portrait Donation Fund 34
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155	155	Statewide records management system account 1
156	156	Workers' Compensation Administrative Fund 2
157	157	SECTION 3. This act shall take effect upon passage. 3
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164	164	EXPLANATION
165	165	BY THE LEGISLATIVE COUNCIL
166	166	OF
167	167	A N A C T
168	168	RELATING TO PUBLIC FINANCE -- STATE FUNDS
169	169	***
170	170	This act would add the workers' compensation administration fund to those restricted 1
171	171	receipt accounts not subject to indirect cost recoveries. 2
172	172	This act would take effect upon passage. 3
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174	174	LC001851
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