Rhode Island § 42-113-5 § 42-113-5. Creation of Rhode Island housing and conservation trust fund.

Rhode Island Statutes

§ 42-113-5 — § 42-113-5. Creation of Rhode Island housing and conservation trust fund.

Rhode Island § 42-113-5

Title 42State Affairs and Government

Ch. 42-113Rhode Island Housing and Conservation Trust Fund Act

This text of Rhode Island § 42-113-5 (§ 42-113-5. Creation of Rhode Island housing and conservation trust fund.) 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 § 42-113-5 (2026).

Text

§ 42-113-5. Creation of Rhode Island housing and conservation trust fund.
(a) There is created a special account distributed by the Rhode Island infrastructure
            bank and administered by the housing and conservation board to be known as the "Rhode
            Island housing and conservation trust fund.â€� The fund shall be administered by the
            board and expenditures from the fund shall be made only to implement and effectuate
            the policies and purposes of this chapter. The board is authorized to accept any federal
            funding, private grant, devise, bequest, donation, gift, loan, or assignment of money,
            bonds, or other valuable securities for deposit in and cred

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§ 42-113-5. Creation of Rhode Island housing and conservation trust fund.

(a) There is created a special account distributed by the Rhode Island infrastructure bank and administered by the housing and conservation board to be known as the "Rhode Island housing and conservation trust fund.â€� The fund shall be administered by the board and expenditures from the fund shall be made only to implement and effectuate the policies and purposes of this chapter. The board is authorized to accept any federal funding, private grant, devise, bequest, donation, gift, loan, or assignment of money, bonds, or other valuable securities for deposit in and credit of the Rhode Island housing and conservation trust fund.

(b) Unexpended balances and any earnings shall not revert to the general fund but shall remain in the designated account created by the Rhode Island infrastructure bank for use in accord with the purposes of this chapter.

(c) The members of the board shall be appointed upon December 31, 2026.

Legislative History

P.L. 1990, ch. 347, § 1; P.L. 1993, ch. 422, § 17; P.L. 1994, ch. 14, § 17; P.L. 1994, ch. 80, § 1; P.L. 2025, ch. 71, § 1, effective June 17, 2025; P.L. 2025, ch. 72, § 1, effective June 17, 2025.