This bill amends Section 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds." The amendment adds the "Workers' Compensation Administrative Fund" to the list of restricted receipt accounts that are not subject to indirect cost recoveries. Indirect cost recoveries of 10% of cash receipts are transferred from all restricted receipt accounts to be recorded as general revenues in the general fund, but this transfer does not apply to certain cash receipts with restrictions. The amendment ensures that the Workers' Compensation Administrative Fund is exempt from these transfers. The bill will take effect upon passage.

Statutes affected:
531: 35-4-27