(a)  There is hereby created a special account in the intermodal surface transportation fund, as established in § 31-36-20, to be known as the Rhode Island bridge replacement, reconstruction, and maintenance fund (“the fund”).

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Terms Used In Rhode Island General Laws 42-13.1-6

  • Department: means the department of transportation, or, if the department shall be abolished, the board, body, or commission succeeding to the principal functions thereof or upon whom the powers given by chapter 5 of Title 37 to the department shall be given by law. See Rhode Island General Laws 42-13.1-3
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

(b)  The fund shall consist of all those monies received by the department under this chapter, including:

(1)  The monies received through the collection of tolls on bridges in Rhode Island;

(2)  Any fees, fines, or penalties collected pursuant to this chapter; and

(3)  Investment earnings on amounts credited to the fund.

(c)  Unexpended balances and any earnings thereon shall not revert to the general fund but shall remain in the Rhode Island bridge replacement, reconstruction, and maintenance fund. There shall be no requirement that monies received into the fund during any given calendar year or fiscal year be expended during the same calendar year or fiscal year.

History of Section.
P.L. 2016, ch. 3, § 2; P.L. 2016, ch. 4, § 2.