2025 -- S 0442
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LC001851
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S T A T E O F R H O D E I S L A N D
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2025
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A N A C T
RELATING TO PUBLIC FINANCE -- STATE FUNDS
Introduced By: Senators McKenney, Felag, Dimitri, Britto, and Vargas
Date Introduced: February 26, 2025
Referred To: Senate Finance
It is enacted by the General Assembly as follows:
SECTION 1. Section 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds" 1
is hereby amended to read as follows: 2
35-4-27. Indirect cost recoveries on restricted receipt accounts. [Effective January 1, 3
2025.] 4
Indirect cost recoveries of ten percent (10%) of cash receipts shall be transferred from all 5
restricted receipt accounts, to be recorded as general revenues in the general fund. However, there 6
shall be no transfer from cash receipts with restrictions received exclusively: (1) From contributions 7
from nonprofit charitable organizations; (2) From the assessment of indirect cost-recovery rates on 8
federal grant funds; or (3) Through transfers from state agencies to the department of administration 9
for the payment of debt service. These indirect cost recoveries shall be applied to all accounts, 10
unless prohibited by federal law or regulation, court order, or court settlement. The following 11
restricted receipt accounts shall not be subject to the provisions of this section: 12
Executive Office of Health and Human Services 13
Organ Transplant Fund 14
HIV Care Grant Drug Rebates 15
Health System Transformation Project 16
Rhode Island Statewide Opioid Abatement Account 17
HCBS Support-ARPA 18
HCBS Admin Support-ARPA 19
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Department of Human Services 1
Veterans’ home — Restricted account 2
Veterans’ home — Resident benefits 3
Pharmaceutical Rebates Account 4
Demand Side Management Grants 5
Veteran’s Cemetery Memorial Fund 6
Donations — New Veterans’ Home Construction 7
Commodity Supplemental Food Program-Claims 8
Department of Health 9
Pandemic medications and equipment account 10
Miscellaneous Donations/Grants from Non-Profits 11
State Loan Repayment Match 12
Healthcare Information Technology 13
Department of Behavioral Healthcare, Developmental Disabilities and Hospitals 14
Eleanor Slater non-Medicaid third-party payor account 15
Hospital Medicare Part D Receipts 16
RICLAS Group Home Operations 17
Group Home Facility Improvement Fund 18
Commission on the Deaf and Hard of Hearing 19
Emergency and public communication access account 20
Department of Environmental Management 21
National heritage revolving fund 22
Environmental response fund II 23
Underground storage tanks registration fees 24
De Coppet Estate Fund 25
Rhode Island Historical Preservation and Heritage Commission 26
Historic preservation revolving loan fund 27
Historic Preservation loan fund — Interest revenue 28
Department of Public Safety 29
E-911 Uniform Emergency Telephone System 30
Forfeited property — Retained 31
Forfeitures — Federal 32
Forfeited property — Gambling 33
Donation — Polygraph and Law Enforcement Training 34
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Rhode Island State Firefighter’s League Training Account 1
Fire Academy Training Fees Account 2
Attorney General 3
Forfeiture of property 4
Federal forfeitures 5
Attorney General multi-state account 6
Forfeited property — Gambling 7
Department of Administration 8
OER Reconciliation Funding 9
Health Insurance Market Integrity Fund 10
RI Health Benefits Exchange 11
Information Technology restricted receipt account 12
Restore and replacement — Insurance coverage 13
Convention Center Authority rental payments 14
Investment Receipts — TANS 15
OPEB System Restricted Receipt Account 16
Car Rental Tax/Surcharge-Warwick Share 17
Grants Management Administration 18
RGGI-Executive Climate Change Coordinating Council Projects 19
Electric Vehicle Charging Stations Operating and Maintenance Account 20
Department of Housing 21
Housing Resources and Homelessness Restricted Receipt Account 22
Housing Production Fund 23
Low-Income Housing Tax Credit Fund 24
Department of Revenue 25
DMV Modernization Project 26
Jobs Tax Credit Redemption Fund 27
Legislature 28
Audit of federal assisted programs 29
Department of Children, Youth and Families 30
Children’s Trust Accounts — SSI 31
Military Staff 32
RI Military Family Relief Fund 33
RI National Guard Counterdrug Program 34
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Treasury 1
Admin. Expenses — State Retirement System 2
Retirement — Treasury Investment Options 3
Defined Contribution — Administration - RR 4
Violent Crimes Compensation — Refunds 5
Treasury Research Fellowship 6
Business Regulation 7
Banking Division Reimbursement Account 8
Office of the Health Insurance Commissioner Reimbursement Account 9
Securities Division Reimbursement Account 10
Commercial Licensing and Racing and Athletics Division Reimbursement Account 11
Insurance Division Reimbursement Account 12
Historic Preservation Tax Credit Account 13
Marijuana Trust Fund 14
Social Equity Assistance Fund 15
Judiciary 16
Arbitration Fund Restricted Receipt Account 17
Third-Party Grants 18
RI Judiciary Technology Surcharge Account 19
Department of Elementary and Secondary Education 20
Statewide Student Transportation Services Account 21
School for the Deaf Fee-for-Service Account 22
School for the Deaf — School Breakfast and Lunch Program 23
Davies Career and Technical School Local Education Aid Account 24
Davies — National School Breakfast & Lunch Program 25
School Construction Services 26
Office of the Postsecondary Commissioner 27
Higher Education and Industry Center 28
IGT STEM Scholarships 29
Department of Labor and Training 30
Job Development Fund 31
Contractor Training Restricted Receipt Account 32
Rhode Island Council on the Arts 33
Governors’ Portrait Donation Fund 34
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Statewide records management system account 1
Workers' Compensation Administrative Fund 2
SECTION 3. This act shall take effect upon passage. 3
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EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO PUBLIC FINANCE -- STATE FUNDS
***
This act would add the workers' compensation administration fund to those restricted 1
receipt accounts not subject to indirect cost recoveries. 2
This act would take effect upon passage. 3
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