R.I. Gen. Laws § 44-71-11: Low-Income Housing Tax Credit Fund.

There is hereby established at the department of housing a restricted account known as the low-income housing tax credit fund (the “fund”) in which all amounts appropriated for the program authorized in this chapter shall be deposited. The fund shall be used for the purpose of securing payment for the redemption of tax credits or for reimbursement to the state for tax credits applied against a taxpayer’s liability.