§ 37-10-3 - Acceptance and deposit of contributions.
SECTION 37-10-3
§ 37-10-3 Acceptance and deposit ofcontributions. – (a) The director of the department of environmental management shall act as anagent of the state for the purpose of receiving, by means of publicsubscription, gifts, and bequests, and shall deposit all money so received inany bank or banks in this state in which the funds of the state may be lawfullykept, in a special account to be known as the "eastern states' exposition fund."
(b) When the director of the department of environmentalmanagement shall have obtained by public subscription as aforesaid the sum ofat least fifty thousand dollars ($50,000), he or she shall certify that fact tothe director of administration and shall deliver unto the general treasurersuch money as he or she shall have received, as herein provided and asheretofore received pursuant to the provisions of chapter 2053 of the publiclaws of 1948.
(c) In the event that the money received by the director ofthe department of environmental management which, when added to the sumappropriated pursuant to § 4 of chapter 3675 of the public laws of 1956,shall be insufficient to cover the total cost of constructing, equipping,landscaping, and site improvement for the Rhode Island building at the easternstates' exposition, as indicated in a firm budget for the same to be preparedby the director of administration, the director of the department ofenvironmental management shall continue to act for the purpose of receiving theadditional money or gifts in kind as are needed to complete the same. Noconstruction or contract for construction of the building shall be entered intountil the additional money or gifts in kind have been received, credited, anddelivered as aforesaid.