Rhode Island Statutes
§ 35-4-27 — § 35-4-27. Indirect cost recoveries on restricted receipt accounts.
§ 35-4-27. Indirect cost recoveries on restricted receipt accounts.
Indirect cost recoveries of fifteen percent (15%) of cash receipts shall be transferred from all restricted receipt accounts, to be recorded as general revenues in the general fund. However, there shall be no transfer from cash receipts with restrictions received exclusively:
(1)From contributions from nonprofit charitable organizations;
(2)From
the assessment of indirect cost-recovery rates on federal grant funds; or (3) Through
transfers from state agencies to the department of administration for the payment
of debt service. These indirect cost recoveries shall be applied to all
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Legislative History
P.L. 1993, ch. 138, art. 69, § 1; P.L. 1994, ch. 433, § 1; P.L. 1997, ch. 30, art. 1, § 20; P.L. 2003, ch. 376, art. 39, § 2; P.L. 2005, ch. 117, art. 22, § 2; P.L. 2006, ch. 236, § 3; P.L. 2006, ch. 237, § 3; P.L. 2006, ch. 246, art. 11, § 1; P.L. 2007, ch. 73, art. 10, § 6; P.L. 2008, ch. 100, art. 28, § 3; P.L. 2009, ch. 68, art. 10, § 2; P.L. 2010, ch. 23, art. 8, § 1; P.L. 2011, ch. 151, art. 10, § 7; P.L. 2012, ch. 241, art. 14, § 1; P.L. 2013, ch. 144, art. 16, § 1; P.L. 2014, ch. 145, art. 3, § 1; P.L. 2014, ch. 177, § 1; P.L. 2014, ch. 191, § 1; P.L. 2015, ch. 141, art. 13, § 1; P.L. 2016, ch. 142, art. 12, § 3; P.L. 2017, ch. 302, art. 7, § 2; P.L. 2018, ch. 47, art. 2, § 3; P.L. 2019, ch. 88, art. 2, § 6; P.L. 2021, ch. 162, art. 2, § 5, effective July 6, 2021; P.L. 2021, ch. 304, § 2, effective July 9, 2021; P.L. 2021, ch. 305, § 2, effective July 9, 2021; P.L. 2022, ch. 231, art. 2, § 5, effective July 1, 2022; P.L. 2023, ch. 79, art. 2, § 3, effective June 16, 2023; P.L. 2024, ch. 117, art. 2, § 2, effective July 1, 2024; P.L. 2024, ch. 290, § 3, effective January 1, 2025; P.L. 2024, ch. 291, § 3, effective January 1, 2025; P.L. 2025, ch. 278, art. 2, § 4, effective June 29, 2025.
Nearby Sections
15
§ 35-1-2
§ 35-1-2. Repealed.§ 35-1.1-1
§ 35-1.1-1. Statement of intent.§ 35-1.1-11
§ 35-1.1-11. Rules and regulations.§ 35-1.1-12
§ 35-1.1-12. Severability.§ 35-1.1-5
§ 35-1.1-5. Federal grants management.§ 35-1.1-7
§ 35-1.1-7. Appointment of employees.