Public Finance Management Board Rules and Regulations
120-RICR-00-00-4 INACTIVE RULE
Title | 120 | Treasury Department |
Chapter | 00 | N/A |
Subchapter | 00 | N/A |
Part | 4 | Public Finance Management Board Rules and Regulations |
Type of Filing | Amendment |
Regulation Status | Inactive |
Effective | 10/13/2010 to 10/26/2016 |
Regulation Authority:
42-10.1-6(d)
Purpose and Reason:
The Public Finance Management Board is amending its rules and regulations in order to comport with recent changes in pertinent State and Federal laws. These revised rules and regulations comport with the 2004 Separation of Powers amendment to the Rhode Island constitution, and they are responsive to the bond programs created by the American Recovery and Reinvestment Act of 2009. Additionally, there is a new section that provides for annual comprehensive review of the financing of capital improvements, as well as for the production of PFMB Board reports based on findings from the annual review