§ 16-84-2 - The University of Rhode Island. - Rhode Island Statutes

SECTION 16-84-2

   § 16-84-2  The University of Rhode Island.– Subject to appropriation, the state of Rhode Island may contribute funds to theUniversity of Rhode Island Foundation in an amount necessary to match privatedonations for the purposes listed below. Subject to appropriation, the statemay contribute an amount not to exceed one dollar ($1.00) for every two dollars($2.00) or one dollar ($1.00) for such greater dollars as may be established bythe board of governors for higher education, privately contributed to theUniversity of Rhode Island or the University of Rhode Island Foundation for thecreation of new academic chairs, the support of existing academic chairs, othereducational enhancements and capital infrastructure investments; provided, thatthe maximum total contributions from the state to the University of RhodeIsland Foundation shall be five million dollars ($5,000,000). Appropriations ofRhode Island capital plan funds shall be considered matching funds for thepurposes of this section. Any contributions made to the University of RhodeIsland Foundation for these purposes shall be reported to the board ofgovernors for higher education which shall verify their eligibility for thismatching program.