Rhode Island Code of Regulations Title 120 - Treasury Department
Rhode Island Code of Regulations (RICR) Title 120 – Treasury Department encompasses several key regulatory areas under the Office of the General Treasurer. These regulations govern the administration of public funds, retirement systems, unclaimed property, and public finance.(rules.sos.ri.gov)
📘 Overview of Title 120 – Treasury Department
Title 120 is organized into five parts, each addressing specific functions and programs managed by the Rhode Island Treasury Department:
Part 1: Employees’ Retirement System of Rhode Island and Municipal Employees’ Retirement System Regulations
This part outlines the standards for service credit calculations for active and inactive members of the Employees’ Retirement System of Rhode Island (ERSRI) and the Municipal Employees’ Retirement System (MERS). It specifies the number of days required for one year of service credit, distinguishing between various employment categories such as state employees and teachers. Additionally, it details the rules regarding the purchase of service credit and the election procedures for board members.(regulations.justia.com)
Part 2: Rules and Regulations Pertaining to the Crime Victim Compensation Program
This section establishes the procedures for applying to the Crime Victim Compensation Program, including the necessary documentation and the obligations of applicants. It also outlines the process for investigating and processing claims, ensuring that victims of crime receive appropriate compensation in a timely manner.
Part 3: Rules and Regulations Pertaining to the Unclaimed Property Program
This part governs the management and disposition of unclaimed property held by the state. It includes provisions for the reporting and remittance of unclaimed property by holders, the process for claiming such property by rightful owners, and the procedures for the state's custody and eventual escheatment of unclaimed assets.
Part 4: Rules and Regulations Governing the Public Finance Management Board
This section outlines the responsibilities and operations of the Public Finance Management Board, including the allocation of tax-exempt and taxable bond issuance capacity among bond issuers in Rhode Island. It also details the advisory role of the board in assisting state and municipal entities with public finance matters.(risos-apa-production-public.s3.amazonaws.com)
Part 5: Regulations for the Conduct of Public Hearings Regarding Proposed Rulemaking
This part sets forth the procedures for conducting public hearings related to proposed rulemaking by the Treasury Department. It defines key terms, establishes the notice requirements for hearings, and outlines the process for submitting comments and participating in the rulemaking process.(law.cornell.edu)
✅ Accessing and Navigating Title 120
You can explore the full text of Title 120 and its individual parts through the Rhode Island Code of Regulations portal:
Rhode Island Code of Regulations – Title 120
For specific sections, such as Part 1, Section 1.22 on service credit standards, you can refer to:(regulations.justia.com)
120-RICR-00-00-1.22 – Rules Regarding the Operation and Administration of R.I. Gen. Laws § 36-9-25
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