Rhode Island 2025 Regular Session

Rhode Island Senate Bill S0422

Introduced
2/26/25  
Refer
2/26/25  
Report Pass
3/4/25  
Engrossed
3/13/25  
Refer
3/14/25  
Report Pass
6/3/25  
Enrolled
6/10/25  

Caption

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $10,400,000 BONDS BY THE TOWN OF NEW SHOREHAM TO FINANCE ADDITIONS, RENOVATIONS, IMPROVEMENTS, ALTERATIONS AND REPAIRS TO SCHOOLS AND SCHOOL FACILITIES IN THE TOWN INCLUDING, BUT NOT LIMITED TO, BONDS AND NOTES ISSUED PURSUANT TO FINANCING AGREEMENTS WITH THE RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION

Impact

By enabling the issuance of these bonds, the bill facilitates necessary financial support for significant renovations, alterations, and repairs to school buildings. Importantly, the bill states that the principal and interest on these bonds will qualify for state housing aid reimbursement, thereby potentially reducing the financial burden on local taxpayers. The legislative action is essential for securing funding necessary for maintaining and enhancing educational infrastructure, which can positively influence the community's educational outcomes.

Summary

Bill S0422 aims to approve the issuance of $10,400,000 in bonds by the Town of New Shoreham to fund various improvements to schools and school facilities within the town. This legislative action is framed within the guidelines of Rhode Island General Laws, specifically section 16-7-44. The bond issuance was previously authorized by local voters at a financial town meeting held in May 2022, aligning the bill with democratic engagement in the community’s fiscal decisions regarding education facilities.

Contention

As with many funding bills, discussions may arise regarding the implications of such financial decisions. Some constituents could express concern about how this bond issuance might affect local taxes, emphasizing the need for a clear communication strategy to inform the public about the benefits of improved educational facilities versus the costs involved. The bill’s success will largely depend on balancing the community's desire for enhanced educational resources with financial considerations surrounding debt obligations.

Companion Bills

No companion bills found.

Previously Filed As

RI H6335

In Accordance With Rhode Island General Laws Section 16-7-44 Approving The Issuance Of $1,000,000 Bonds By The Town Of Scituate To Finance A Water Project At The Scituate High School/middle School Including, But Not Limited To, Bonds And Notes Issued Pursuant To Financing Agreements With The Rhode Island Infrastructure Bank

RI S0995

In Accordance With Rhode Island General Laws Section 16-7-44 Approving The Issuance Of $1,000,000 Bonds By The Town Of Scituate To Finance A Water Project At The Scituate High School/middle School Including, But Not Limited To, Bonds And Notes Issued Pursuant To Financing Agreements With The Rhode Island Infrastructure Bank

RI S3091

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $3,500,000 BONDS BY THE TOWN OF SCITUATE TO FINANCE CAPITAL PROJECTS AT THE SCITUATE SCHOOLS

RI H8284

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $3,500,000 BONDS BY THE TOWN OF SCITUATE TO FINANCE CAPITAL PROJECTS AT THE SCITUATE SCHOOLS

RI H8029

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS § 16-7-44, APPROVING THE ISSUANCE OF $6,400,000 BONDS BY THE TOWN OF BURRILLVILLE TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN, AND ALL ATTENDANT EXPENSES INCLUDING, BUT NOT LIMITED TO, ENGINEERING AND ARCHITECTURAL COSTS

RI S2862

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS § 16-7-44, APPROVING THE ISSUANCE OF $6,400,000 BONDS BY THE TOWN OF BURRILLVILLE TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN, AND ALL ATTENDANT EXPENSES INCLUDING, BUT NOT LIMITED TO, ENGINEERING AND ARCHITECTURAL COSTS

RI S2859

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $125,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS OF THE CITY OF PROVIDENCE TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY AND ALL COSTS RELATED THERETO

RI H8049

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $125,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS OF THE CITY OF PROVIDENCE TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY AND ALL COSTS RELATED THERETO

RI S0980

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI H6404

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

Similar Bills

No similar bills found.