(a)  There is hereby created a federal reduction relief fund in order to maintain essential state services that would otherwise be diminished or eliminated by reductions in federal funding for these services for any federal fiscal year.

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Terms Used In Rhode Island General Laws 35-4-12

  • 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 federal reduction relief fund shall be used for the purposes set forth in § 35-4-13 — § 35-4-13.4.

(c)  In the event that at the close of a fiscal year the balance in the fund is less than ten thousand dollars ($10,000), the balance shall lapse to general fund surplus and shall be made available for future appropriation by the general assembly.

History of Section.
P.L. 1985, ch. 181, art. 36, § 1; P.L. 1987, ch. 118, art. 17, § 1; P.L. 1988, ch. 579, § 2; P.L. 1989, ch. 126, art. 23, § 1.