Section 35-14-6. – Annual report.
§ 35-14-6. Annual report. (a) To ensure that the requirements of this chapter are fully complied with, the head of each agency shall prepare and submit a report on the adequacy of the agency’s systems of internal accounting and administrative control by December 31 of each year. (b) The report, including the state agency’s response […]
Section 35-13-12. – Applicability of chapter.
§ 35-13-12. Applicability of chapter. (a) Unless at any time prior to or at original issuance of a registered public obligation the official or official body of the issuer determines otherwise, this chapter shall be applicable to that registered public obligation notwithstanding any provision of law to the contrary. When this chapter is applicable, no […]
Section 35-13-13. – Construction.
§ 35-13-13. Construction. This chapter shall be construed in conjunction with the Uniform Commercial Code, title 6A, and the principles of contract law relative to the registration and transfer of obligations. History of Section.P.L. 1983, ch. 267, § 1.
Section 35-13-14. – Amendment or repeal.
§ 35-13-14. Amendment or repeal. The state hereby covenants with the owners of any registered public obligations that it will not amend or repeal this chapter if the effect may be to impair the exemption from income taxation of interest on registered public obligations. History of Section.P.L. 1983, ch. 267, § 1.
Section 35-13-15. – Severability.
§ 35-13-15. Severability. If any provision or the application of any provision of this chapter shall be invalid, this shall not affect the validity of other provisions or other applications, it hereby being declared that the provisions or the applications of this chapter are separable and this chapter would have been enacted with the invalid […]
Section 35-14-1. – Short title.
§ 35-14-1. Short title. This chapter shall be known and may be cited as the “Financial Integrity and Accountability Act of 1986.” History of Section.P.L. 1986, ch. 287, § 1.
Section 35-14-2. – Policy.
§ 35-14-2. Policy. (a) The legislature hereby finds that: (1) Fraud and errors in state programs are more likely to occur from a lack of sufficient internal control structures at state agencies; (2) Effective internal control structures provide the basic foundation upon which public accountability must be built; (3) An entity’s system of internal control […]
Section 35-14-3. – Agency responsibilities.
§ 35-14-3. Agency responsibilities. State agency heads are responsible for the establishment and maintenance of a system or systems of internal accounting and administrative control within their agencies. This responsibility includes: (1) Documenting the system; (2) Communicating system requirements to employees; and (3) Assuring that the system is functioning as prescribed and is modified, as […]
Section 35-14-4. – Internal accounting controls.
§ 35-14-4. Internal accounting controls. (a) Internal accounting and administrative controls are the methods through which reasonable assurances can be given that measures adopted by state agency heads to safeguard assets, check the accuracy and reliability of accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies are being followed. The elements of […]
Section 35-14-5. – Definitions.
§ 35-14-5. Definitions. As used in this chapter: (1) “Controller” means the state controller. (2) “Director” means the director of administration. (3) “Governor” means the governor of Rhode Island. History of Section.P.L. 1986, ch. 287, § 1.