Rhode Island General Laws 16-70-5. Budget and appropriations
The general assembly shall annually appropriate any sums as it deems necessary as the state’s share for the support and maintenance of the college crusade, including operational and scholarship support, and the state controller is authorized and directed to draw his or her orders upon the general treasurer for the payment of the appropriations upon receipt by him or her of the proper voucher the office of the postsecondary commissioner may provide. The office of the postsecondary commissioner shall present the voucher to the state controller no later than the last day of the first month of the fiscal year for which the appropriation is made and this appropriation shall be remitted to the accounts of the college crusade of Rhode Island by the state treasurer no later than the last day of the second month of the fiscal year.
History of Section.
P.L. 1990, ch. 311, § 1; P.L. 2017, ch. 227, § 2; P.L. 2017, ch. 239, § 2.
Terms Used In Rhode Island General Laws 16-70-5
- 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.