Rhode Island General Laws 42-75.2-5. Establishment of fund
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A separate account is established within the state treasury to be known and maintained as the art for public facilities fund. The fund shall be used for acquisition for art as provided in this chapter and for expenses incurred in the administration of this program. The fund may derive income from:
(1) Appropriations made as provided in this chapter.
(2) Grants, from governmental or other sources.
(3) Gifts, if the terms of the gift are consistent with the purposes of this chapter and other lawful requirements.
(4) Other appropriations made by the general assembly.
History of Section.
P.L. 1987, ch. 339, § 1.
Terms Used In Rhode Island General Laws 42-75.2-5
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.