§ 2-10-3 - State forestry fund. - Rhode Island Statutes

SECTION 2-10-3

   § 2-10-3  State forestry fund. – Whenever appropriate receipts, monetary gifts, or securities are received, thedirector of environmental management shall give the funds to the generaltreasurer until he or she desires to use the funds for forest demonstration andexperimentation purposes and the general treasurer shall keep those funds in aspecial account known as the state forestry fund, and he or she shall investand reinvest the funds in those securities that by law the sinking fundcommission is authorized to invest in. Whenever the director desires to convertany of those investments into cash to be used to promote the science andpractice of forestry in this state, the director shall notify the generaltreasurer in writing who shall forthwith proceed to carry out his or herrequest. The state controller is authorized and directed to draw his or herorders upon the general treasurer for the payment from those investments of anyof those sums upon receipt by him or her of proper vouchers approved by thedirector.