220 R.I. Code R. 220-RICR-30-00-13.16

Current through December 26, 2024
Section 220-RICR-30-00-13.16 - Unused Balances

Unless otherwise specified, all unused quantities and/or unexpended funds shall be automatically canceled on the expiration of the specified term stated in the Contract. Similarly, for orders encompassing more than one State fiscal year, unexpended balances of funding allotted for an individual fiscal year may be liquidated at the close of that fiscal year, at the State's sole option.

220 R.I. Code R. 220-RICR-30-00-13.16

Adopted effective 1/1/2019