R.I. Gen. Laws § 44-71-4 — Establishment of Rhode Island low-income housing tax credit program

The Rhode Island low-income housing tax credit program is hereby established as a
program under the jurisdiction and administration of the department. The program
may provide tax credits for a period of five (5) years to applicants that are competitively
selected and that meet the requirements of this chapter. The department shall not
obligate Rhode Island low-income housing tax credits that cumulatively total in excess
of thirty million dollars ($30,000,000) in any fiscal year.