Rhode Island General Laws Title 35. Public Finance § 35-3-22. Affordable housing--rental subsidy account

(b)(1) At the end of each fiscal year following the completion of the post audit of the financial transactions of the state by the state auditor general but prior to the issuance of his or her final audit report as set forth in § 22-13-4, the state controller shall transfer to the affordable housing rental subsidy account twenty percent (20%) of the amount payable into the general revenue fund pursuant to § 42-61-15 for each fiscal year.

(2) In carrying out the provisions of subsection (b), the state controller shall initially, at the fiscal year opening, transfer the amount identified as that fiscal year's projected estimate; the transfer shall be adjusted at the end of the fiscal year in order to conform to the requirements of subsection (b).