Rhode Island § 45-38.1-26 § 45-38.1-26. Transfer of fund balances.

Rhode Island Statutes

§ 45-38.1-26 — § 45-38.1-26. Transfer of fund balances.

Rhode Island § 45-38.1-26

Title 45Towns and cities

Ch. 45-38.1Health and Educational Building Corporation

This text of Rhode Island § 45-38.1-26 (§ 45-38.1-26. Transfer of fund balances.) 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 § 45-38.1-26 (2026).

Text

§ 45-38.1-26. Transfer of fund balances.
The corporation, by a vote of its board of directors, may at any time, upon receipt
            of a written request to do so by the governor, transfer to the state, either to the
            general fund account or any restricted receipt account established by the general
            assembly specified in any request, any monies constituting unencumbered fund balances
            of the corporation which the board of directors determines to be surplus to the needs
            of the corporation. Any determination made by the board shall be deemed final and
            conclusive and not subject to review directly or indirectly.
         

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§ 45-38.1-26. Transfer of fund balances.

The corporation, by a vote of its board of directors, may at any time, upon receipt of a written request to do so by the governor, transfer to the state, either to the general fund account or any restricted receipt account established by the general assembly specified in any request, any monies constituting unencumbered fund balances of the corporation which the board of directors determines to be surplus to the needs of the corporation. Any determination made by the board shall be deemed final and conclusive and not subject to review directly or indirectly.