§ 42-7-8. American Recovery and Reinvestment Act administration expenses.
(a) There is hereby created restricted receipt accounts, within the office of the governor, for the office of economic recovery and reinvestment, and within the department of administration for the office of internal audit and the division of purchasing, to be known as ARRA administrative expense accounts. Payments from the accounts shall be limited to expenses for administrative oversight of American Recovery and Reinvestment Act (ARRA) funds. The governor’s office of economic recovery and reinvestment is authorized by OMB memorandum 09-18 to receive up to one-half percent (0.5%) of stimulus funding to cover oversight expenses.
(b) All amounts deposited in the ARRA administration accounts shall be exempt from the indirect cost recovery provisions of § 35-4-27.
(c) It is hereby provided, at the end of the American Recovery and Reinvestment Act oversight period, balances from the ARRA administrative accounts shall revert to general revenues.
History of Section.P.L. 2010, ch. 23, art. 8, § 6.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-7 - Executive Department
Section 42-7-1. - Establishment — Powers of governor.
Section 42-7-2. - Secretary and employees.
Section 42-7-3. - Duties of chief clerk.
Section 42-7-4. - Flag and pennant of governor.
Section 42-7-6.1. - Drug program established — Use of the fund.
Section 42-7-8. - American Recovery and Reinvestment Act administration expenses.