§ 36-6-16 - Credit union deductions.
SECTION 36-6-16
§ 36-6-16 Credit union deductions. –The controller shall adopt a procedure for and apply the provisions of statepayroll deduction for state officers and employees for payments to the RhodeIsland state employees' credit union, (a corporation founded under the bankinglaws of the state of Rhode Island on August 16, 1946, first, to help stateemployees build for the future by a regular savings plan, encouraged byinterest, or dividends, that the profits would allow it to pay, and, secondly,to aid those in need by advancing money, repayable over a period of time inbiweekly installments, at the lowest possible rate of interest), and to thecredit union of the American federation of state, county, and municipalemployees, (a corporation founded under the banking laws of the state of RhodeIsland on February 28, 1963, first to help the members of the local unionchapters of that federation build for the future by a regular savings plan,encouraged by interest, or dividends, that the profits would allow it to pay,and, secondly, to aid those in need by advancing money, repayable over a periodof time in biweekly installments, at the lowest possible rate of interest asthe case may be), and those payments shall be deducted from the payroll by thecontroller and general treasurer and remitted by them from time to time to theRhode Island state employees' credit union and to the credit union of theAmerican federation of state, county, and municipal employees as the case maybe; provided, however, that no deduction shall be made without a writtenauthorization being filed by the employee with the controller; provided,further, however, that neither the controller, the general treasurer, nor thestate shall incur any liability to the Rhode Island state employee's creditunion or to the credit union of the American federation of state, county, andmunicipal employees, or to any officer or employee of this state, or to anyofficer, director, or member of those credit unions by reason hereof or byreason of any failure to make any deduction or remittance.