Rhode Island § 35-4-4.6 § 35-4-4.6. State Linked Deposit Policy — Definitions — Exemptions.

Rhode Island Statutes

§ 35-4-4.6 — § 35-4-4.6. State Linked Deposit Policy — Definitions — Exemptions.

Rhode Island § 35-4-4.6

Title 35Public Finance

Ch. 35-4State Funds

This text of Rhode Island § 35-4-4.6 (§ 35-4-4.6. State Linked Deposit Policy — Definitions — Exemptions.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 35-4-4.6 (2026).

Text

§ 35-4-4.6. State Linked Deposit Policy — Definitions — Exemptions.
(a) As used in §§ 35-4-4.1 — 35-4-4.6, the following terms shall have the following meanings:
         
(1) "Community Reinvestment Act (CRA)â€� shall mean the Community Reinvestment Act as enacted
            by the federal government as title VIII of the Housing and Community Development Act
            of 1977, 12 U.S.C. § 2901 et seq., and all subsequent amendments and regulations.
         
(2) "Banksâ€� shall mean those federally insured and regulated depository institutions which
            are the recipients or potential recipients of state deposits. State or f

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§ 35-4-4.6. State Linked Deposit Policy — Definitions — Exemptions.

(a) As used in §§ 35-4-4.1 — 35-4-4.6, the following terms shall have the following meanings:

(1) "Community Reinvestment Act (CRA)â€� shall mean the Community Reinvestment Act as enacted by the federal government as title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq., and all subsequent amendments and regulations.

(2) "Banksâ€� shall mean those federally insured and regulated depository institutions which are the recipients or potential recipients of state deposits. State or federally chartered credit unions are not "banksâ€� under §§ 35-4-4.1 — 35-4-4.6.

(3) "Federal regulatory agenciesâ€� shall mean the federal reserve board, federal deposit insurance corporation (FDIC), comptroller of the currency, and the office of thrift supervision (OTS).

(4) "Funds on depositâ€� shall mean those monies which are designated for general operating purposes, including all revenues from taxes, fees and fines, and federal aid; and also, all special purpose funds, restricted receipt accounts, and trust accounts.

(b) Any investments of the state and municipal employees retirement systems shall be exempt from the provisions of §§ 35-4-4.1 — 35-4-4.6.