§ 36-10.2-9 — § 36-10.2-9. Transition period.
This text of Rhode Island § 36-10.2-9 (§ 36-10.2-9. Transition period.) 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.
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§ 36-10.2-9. Transition period.
Effective for plan years beginning July 1, 2012, any new legislation enacted contemporaneously with this chapter that is expected to improve the funding percentage of such a plan to eighty percent (80%) or greater within a reasonable funding improvement period not to exceed twenty (20) years shall be considered to constitute a funding improvement strategy. The funding improvement period shall be governed by such enacted legislation and shall begin July 1, 2012.
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