§ 28-53-2 - Establishment – Sources – Administration.
SECTION 28-53-2
§ 28-53-2 Establishment – Sources– Administration. – (a) There shall be established within the department of labor and training aspecial restricted receipt account to be known as the Rhode Island uninsuredemployers fund. The fund shall be capitalized from excise taxes assessedagainst uninsured employers pursuant to the provisions of § 28-53-9 ofthis chapter and from general revenues appropriated by the legislature.Beginning in state fiscal year ending June 30, 2010, the legislature mayappropriate up to two million dollars ($2,000,000) in general revenue fundsannually for deposit into the Rhode Island uninsured employers fund.
(b) All moneys in the fund shall be mingled and undivided.The fund shall be administered by the director of the department of labor andtraining or his or her designee, but in no case shall the director incur anyliability beyond the amounts paid into and earned by the fund.
(c) All amounts owed to the uninsured employers fund fromillegally uninsured employers are intended to be excise taxes and as such, allambiguities and uncertainties are to be resolved in favor of a determinationthat such assessments are excise taxes.