§ 42-95-1. Creation of fund. There is created the “Providence river relocation — memorial boulevard extension project fund” (hereinafter referred to as “the fund”) into which shall be deposited with the general treasurer of the state: (1) The proceeds from the sale of any real property and/or improvements within or adjacent to the capital center […]
§ 42-95-2. Proceeds of funds. (a) All monies in the fund shall be expended in accordance with the general laws of the state and the terms and conditions of the agreement or agreements by and between the city of Providence and the state with respect to the Providence river relocation — memorial boulevard extension project, […]
§ 42-95-3. Investment of monies in fund. All monies in the fund not immediately required for payment pursuant to the provisions of this chapter may be invested by the investment commission, as established by chapter 10 of title 35; provided, however, that the securities in which the fund is invested shall remain a part of […]
§ 42-95-4. Advances from general fund. The general treasurer is authorized from time to time, with the approval of the governor and the director of administration, in anticipation of the receipts of monies enumerated in §§ 42-95-1 and 42-95-3 to advance sums to the fund, for the purposes specified in §§ 42-95-2 and 42-95-3, any […]
§ 42-95-5. Termination of fund. Ninety (90) days following the submission to the governor of the final audit of the project by the state auditor general, the fund shall cease to exist and any un-obligated monies in the fund shall be distributed between the city of Providence and the state general fund subject to the […]
