The corporation, by a vote of its board of directors, may at any time, upon receipt of a written request to do so by the governor, transfer to the state, either to the general fund account or any restricted receipt account established by the general assembly specified in any request, any monies constituting unencumbered fund balances of the corporation which the board of directors determines to be surplus to the needs of the corporation. Any determination made by the board shall be deemed final and conclusive and not subject to review directly or indirectly.
R.I. Gen. Laws § 45-38.1-26
Transfer of fund balances
Known as the Rhode Island Health and Educational Building Corporation Act
The act spans §§ 45-38.1-1 to 45-38.1-9 (30 sections).
P.L. 1989, ch. 480, § 12.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.