§ 35-4-4.1 - State Linked Deposit Policy – Short title. - Rhode Island Statutes

SECTION 35-4-4.1

   § 35-4-4.1  State Linked Deposit Policy– Short title. – Sections 35-4-4.1 – 35-4-4.6 shall be known as the "State Linked DepositPolicy", as it will link the deposit of state funds with bank performance asdetermined by the rating system utilized by federal regulatory authorities incompliance with the provisions of the federal Community Reinvestment Act (CRA),12 U.S.C. § 2901 et seq., and the federal Financial Institutions Reform,Recovery, and Enforcement Act of 1989 (FIRREA), 12 U.S.C. § 3331 et seq.