PROVIDENCE, R.I. — A former Rhode Island lawmaker has pleaded no contest and will pay more than $31,000 to settle charges he embezzled money from his campaign account.

Attorney General Peter Kilmartin said former Rep. Peter Palumbo entered the plea Monday to one count of unlawful appropriation over $1,000.

Under the terms of the deal, Palumbo received a three year sentence, suspended with probation.

Palumbo was also ordered to pay $31,150 in restitution to the State of Rhode Island, with $10,000 paid at the time of the plea and the remainder paid in monthly installments of not less than $587.

As part of the deal, the state agreed to dismiss one count of embezzlement and one count of personal use of campaign funds.

The 56-year-old Cranston Democrat lost his re-election campaign in 2014.