Rhode Island General Laws 16-89-3. Purpose
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The purpose of this chapter is:
(1) To enable and allow school districts, school departments, and school committees to accept grants, gifts and donations from any private individual, public or private business entity, any government or governmental subdivision thereof, including quasi-public agencies; and
(2) To restrict the expenditure of such grants, gifts and donations to a specific school district, school department, or school committee programming or a facility related need as specified according to the terms of the gift, grant or donation as conditioned by the grantor, giftor or donor.
History of Section.
P.L. 2009, ch. 130, § 1; P.L. 2009, ch. 174, § 1.
Terms Used In Rhode Island General Laws 16-89-3
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Grantor: The person who establishes a trust and places property into it.