Rhode Island House Bill H7999

Rhode Island 2024 Regular Session

• Introduced: 3/5/24
• Refer: 3/5/24

Caption

Provides that the $5,500,000 appropriation to the infrastructure bank from the 2023 budget act be allocated for eligible municipal infrastructure grant program projects.

Impact

If enacted, HB H7999 would significantly impact state laws by expanding the authority of the Rhode Island Infrastructure Bank to administer and distribute public infrastructure grants. The allocation of funds from the recent budget act indicates a commitment to improving municipal infrastructures that can enhance local economies and potentially address critical community needs. Municipalities would benefit from streamlined access to financial resources aimed at critical public works projects.

Summary

House Bill H7999 establishes the Rhode Island Municipal Infrastructure Grant Program, which aims to allocate $5,500,000 in appropriations to support municipal infrastructure projects. The bill emphasizes granting funds to municipalities for various infrastructure improvements, including utilities, roads, transit improvements, and community development projects. This initiative is anticipated to promote job creation and aid in housing development, particularly in areas equipped for future growth and redevelopment.

Contention

Notably, the bill could face contention regarding the allocation of funds and the management structures supporting the grants. Some local officials might raise concerns about the fairness of the funding distribution and the prioritization of projects aligned with state directives compared to local needs. Debate may also revolve around the efficacy of the infrastructure bank's oversight in managing and implementing projects funded through this grant program, particularly in ensuring that local projects align with broader economic goals.