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Rhode Island General Laws 42-11-2.5. Information technology investment fund

Current as of: 2023 | Check for updates | Other versions

     

(a)  All sums from the sale of any land and the buildings and improvements thereon, and other real property, title to which is vested in the state, except as provided in §§ 37-7-15(b) and 37-7-15(c), shall be transferred to an information technology investment fund restricted-receipt account that is hereby established. This fund shall consist of such sums from the sale of any land and the buildings and improvements thereon, and other real property, title to which is vested in the state, except as provided in §§ 37-7-15(b) and 37-7-15(c), as well as a share of first response surcharge revenues collected under the provisions of § 39-21.1-14. This fund may also consist of such sums as the state may from time to time appropriate; as well as money received from the disposal of information technology equipment, loan, interest, and service charge payments from benefiting state agencies; as well as interest earnings, money received from the federal government, gifts, bequest, donations, or otherwise from any public or private source. Any such funds shall be exempt from the indirect cost recovery provisions of § 35-4-27.

Terms Used In Rhode Island General Laws 42-11-2.5

  • Bequest: Property gifted by will.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(b)  This fund shall be used for the purpose of acquiring information technology improvements, including, but not limited to: hardware, software, consulting services, and ongoing maintenance and upgrade contracts for state departments and agencies.

(c)  The division of enterprise technology strategy and service of the Rhode Island department of administration shall adopt rules and regulations consistent with the purposes of this chapter and chapter 35 of this title, in order to provide for the orderly and equitable disbursement of funds from this account.

(d)  For all requests for proposals that are issued for information technology projects, a corresponding information technology project manager shall be assigned.

History of Section.
P.L. 2011, ch. 151, art. 26, § 2; P.L. 2012, ch. 241, art. 8, § 1; P.L. 2014, ch. 145, art. 9, § 7; P.L. 2017, ch. 192, § 2; P.L. 2017, ch. 251, § 2; P.L. 2017, ch. 302, art. 7, § 13; P.L. 2018, ch. 47, art. 7, § 11; P.L. 2019, ch. 88, art. 2, § 12.

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Rhode Island General Laws 42-11.2-5. Application for assistance payments by owner

Current as of: 2023 | Check for updates | Other versions

     

(a)  The executive department shall take applications for the unit based rental assistance program from eligible owners or prospective eligible owners of units eligible for assistance under this chapter.

Terms Used In Rhode Island General Laws 42-11.2-5

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9

(b)  The executive department shall require, as prerequisites to its approval of any application or its commitment of financial assistance hereunder, that:

(i)  Any current eligible owner of units eligible for assistance under this chapter demonstrate that the financing of its acquisition, construction, or substantial rehabilitation of those units was secured upon reasonable terms acceptable to the department;

(ii)  Any prospective eligible owner of units eligible for assistance under this chapter secure the financing of its acquisition, construction, or substantial rehabilitation of the units upon the best reasonably available terms and conditions; and

(iii)  Any eligible owner or prospective eligible owner of units eligible for assistance under this chapter specifically agree to make at least fifty percent (50%) of all units available for and affordable to eligible tenants, as defined in § 42-11.2-11, in perpetuity, or until such time as the department determines and specifically rules that the units may be disposed of or otherwise utilized in a manner and in circumstances in which:

(A)  The occupants of such units will not be involuntarily displaced; and

(B)  Such disposal or utilization will not adversely affect the availability of affordable housing in the city or town in which the units are located.

(iv)  Notwithstanding the provisions of subsection (b)(iii), any eligible owner that is a limited partnership with a corporate general partner which is either a nonprofit housing development corporation or wholly owned by a nonprofit housing development corporation and which had commenced construction prior to the effective date of this chapter on the housing units for which rental assistance payments are sought pursuant to this chapter shall be eligible for assistance under this chapter; provided, that the executive department has approved a plan submitted by the eligible owner providing for the future acquisition of the housing units by the nonprofit housing development corporation for the purpose of preserving the long-term affordability of the housing units eligible under this chapter.

(c)  For purposes of this section, a unit is considered to be affordable if the rent charged for the unit is no greater than the maximum fair market rent for the particular size unit as established by the U.S. Department of Housing and Urban Development for the Section 8 existing housing program under 42 U.S.C. § 1437f, and as the same may be amended from time to time.

(d)  The executive department may contract with an appropriate agency for the purpose of servicing the rental assistance program provided, however, the department may not delegate its authority to enter into contracts as provided herein.

History of Section.
P.L. 1988, ch. 579, § 1; P.L. 1990, ch. 370, § 1.

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