§ 16-84-3. Rhode Island College.
Subject to appropriation, the state of Rhode Island may contribute funds to Rhode
Island College Foundation in an amount necessary to match private donations for the
purposes listed below. Subject to appropriation, the state may contribute an amount
not to exceed one dollar ($1.00) for every two dollars ($2.00) or one dollar ($1.00)
for such greater dollars as may be established by the board of governors for higher
education, privately contributed to Rhode Island College or the Rhode Island College
Foundation for the creation of new academic chairs, the support of existing academic
chairs, other education
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§ 16-84-3. Rhode Island College.
Subject to appropriation, the state of Rhode Island may contribute funds to Rhode
Island College Foundation in an amount necessary to match private donations for the
purposes listed below. Subject to appropriation, the state may contribute an amount
not to exceed one dollar ($1.00) for every two dollars ($2.00) or one dollar ($1.00)
for such greater dollars as may be established by the board of governors for higher
education, privately contributed to Rhode Island College or the Rhode Island College
Foundation for the creation of new academic chairs, the support of existing academic
chairs, other educational enhancements, and capital infrastructure investments; provided,
that the maximum total contributions from the state to Rhode Island College shall
be two million dollars ($2,000,000). Appropriations of Rhode Island capital plan funds
shall be considered matching funds for the purposes of this section. Any contributions
made to the Rhode Island College Foundation for these purposes shall be reported to
the board of governors for higher education which shall verify their eligibility for
this matching program.