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2017 Rhode Island General Laws
Title 35 - Public Finance
Chapter 35-4 - State Funds
Section 35-4-4.2 - State Linked Deposit Policy - Legislative purpose.
Universal Citation: RI Gen L § 35-4-4.2 (2017)
§ 35-4-4.2. State Linked Deposit Policy - Legislative purpose.
The purpose of §§ 35-4-4.1 - 35-4-4.6 is to increase the availability of capital and banking services in low and moderate income neighborhoods of Rhode Island by using state deposits as an incentive. Sections 35-4-4.1 - 35-4-4.6 uses the federal evaluation of CRA performance in helping the state decide where to deposit its funds.
History of Section.
(P.L. 1992, ch. 175, § 1.)
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