§ 35-10-7. Expenses of commission — Employees.
(a) Members of the commission shall serve without compensation but shall be reimbursed for any necessary expenses.
(b) No member or employee of the commission shall profit directly or indirectly from any investment transaction made by the commission. This provision is not intended to limit in any way the right of any member or employee of the commission to own shares of stock or bonds of any corporation or other entity in which money of the several funds are or may be invested.
History of Section.P.L. 1958, ch. 164, § 7; P.L. 1963, ch. 171, § 1; P.L. 1968, ch. 9, § 1; P.L. 2005, ch. 117, art. 21, § 28; P.L. 2006, ch. 319, § 3; P.L. 2006, ch. 444, § 3.
Structure Rhode Island General Laws
Chapter 35-10 - State Investment Commission
Section 35-10-2. - Determination of funds for investment.
Section 35-10-3. - Investment of bond issue proceeds.
Section 35-10-4. - Funds not subject to investment.
Section 35-10-5. - Investment of sinking fund moneys.
Section 35-10-6. - Investment of funds not immediately required.
Section 35-10-7. - Expenses of commission — Employees.
Section 35-10-8. - Rules and regulations.
Section 35-10-9. - Repeal of authority of various officers and boards.
Section 35-10-11. - Additional investment powers.
Section 35-10-12. - Investment in corporations doing business in South Africa.
Section 35-10-13. - Reinvestments directed at job retention and creation.
Section 35-10-14. - Investment in corporations doing business in Northern Ireland.