(a)  During the fiscal year ending June 30, 2008, the state lottery division within the department of revenue shall conduct, pursuant to chapter 61 of this title, an instant game to be known as the “Arts Lottery Game.” The net revenue from the first three (3) months of the running of the “Arts Lottery Game” shall be deposited in a restricted-revenue account to be used by the Rhode Island Council on the Arts for the support and improvement of the arts in this state. The provisions of this section shall prevail over any inconsistent provisions of chapter 61 of this title.

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Terms Used In Rhode Island General Laws 42-75-13

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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 Rhode Island Council on the Arts shall deposit any funds received from an entity exempt from tax under § 501(c)(3) of the Internal Revenue Code in a restricted-receipt account to be used for the support and improvement of the arts in this state. All such funds deposited shall be exempt from the indirect cost-recovery provisions of § 35-4-27.

(c)  Notwithstanding any law to the contrary, there is hereby created in the general fund of the state and housed within the budget of the Rhode Island Council on the Arts a restricted receipt account entitled “Governors’ Portrait Donation Fund.” This account shall be used to record all receipts and expenditures of donations made for the purpose of supplementing the state appropriation for the purchase of a governor’s portrait as set forth in § 37-8-9, and for other related expenses as deemed appropriate by the Rhode Island Council on the Arts.

History of Section.
P.L. 2007, ch. 258, § 1; P.L. 2007, ch. 295, § 1; P.L. 2010, ch. 23, art. 8, § 7; P.L. 2017, ch. 302, art. 7, § 8; P.L. 2018, ch. 346, § 28; P.L. 2021, ch. 162, art. 2, § 9, effective July 6, 2021.