Rhode Island General Laws 42-64-7.5. Acceptance of federal grants
In addition to any of its other powers and responsibilities, the Rhode Island commerce corporation is authorized and empowered to accept any grants made available by the United States government or any agency of the United States government, and the corporation, with the approval of the governor, is authorized and empowered to perform any acts and enter into all necessary contracts and agreements with the United States or any agency of the United States as may be necessary in any manner and degree that shall be deemed to be in the best interests of the state. The proceeds of any grants received shall be paid to the general treasurer of the state and deposited in a separate fund to be used solely for the purposes of the grant or grants.
History of Section.
P.L. 1995, ch. 370, art. 12, § 7; P.L. 2013, ch. 243, § 3; P.L. 2013, ch. 490, § 3; P.L. 2014, ch. 7, § 1; P.L. 2014, ch. 8, § 1.
Terms Used In Rhode Island General Laws 42-64-7.5
- 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.
- State: means the state of Rhode Island. See Rhode Island General Laws 42-64-3
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8