Rhode Island 2023 Regular Session

Rhode Island House Bill H6296

Introduced
4/19/23  
Refer
4/19/23  
Report Pass
5/25/23  
Engrossed
5/30/23  
Engrossed
6/1/23  

Caption

Authorizing The Town Of Coventry To Issue Not More Than $25,000,000 Bonds And Notes To Finance Construction, Renovation, Rehabilitation, Repair, Improvement, Furnishing And/or Equipping Of And/or Additions To Schools And School Facilities Throughout The Town, Subject To Approval Of State School Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 49.2 % For Expenditures Eligible For Reimbursement

Impact

The passage of HB 6296 will provide significant financial resources for the town of Coventry to upgrade its school facilities. By enabling capital improvement projects, the bill is expected to strengthen the educational framework within the community. The state’s commitment to providing a substantial reimbursement rate will lessen the financial burden on local taxpayers and ensure that the schools remain up-to-date and adequately equipped for modern education.

Summary

House Bill 6296 authorizes the town of Coventry to issue up to $25 million in bonds and notes for financing construction, renovation, rehabilitation, and expansion of school facilities throughout the town. This financial initiative is contingent on receiving state school housing aid at a reimbursement rate of no less than 49.2 percent for eligible expenditures. The legislation is aimed at addressing necessary improvements and expansions in the educational infrastructure to enhance the learning environment for students in Coventry.

Sentiment

The general sentiment around HB 6296 seems positive, with support from both the community and local government as a proactive measure to enhance educational facilities. Lawmakers and constituents alike recognize the importance of investing in school infrastructure as a key factor in delivering quality education. There is an evident enthusiasm for improving local schools, reflecting a broader commitment to student success and community development.

Contention

While the bill has garnered broad support, debates may arise regarding fiscal responsibility and concerns over local indebtedness. Opponents could question the long-term implications of increased borrowing and whether the reimbursement rate is sustainable. Furthermore, the necessity for a special election to approve the bond issuance might raise concerns about public sentiment and participation in the decision-making process regarding school funding.

Companion Bills

No companion bills found.

Previously Filed As

RI S0993

Authorizing The Town Of Coventry To Issue Not More Than $25,000,000 Bonds And Notes To Finance Construction, Renovation, Rehabilitation, Repair, Improvement, Furnishing And/or Equipping Of And/or Additions To Schools And School Facilities Throughout The Town, Subject To Approval Of State School Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 49.2 % For Expenditures Eligible For Reimbursement

RI H5101

Authorizing The Town Of North Providence To Issue Not To Exceed $125,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Schools And School Facilities In The Town, Including, But Not Limited To, The Construction Of Three Elementary Schools, The Renovation Of Two Middle Schools And The Construction Of New Administrative Offices, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 79.8% For Expenditures Eligible For Reimbursement

RI S0018

Authorizing The Town Of North Providence To Issue Not To Exceed $125,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Schools And School Facilities In The Town, Including, But Not Limited To, The Construction Of Three Elementary Schools, The Renovation Of Two Middle Schools And The Construction Of New Administrative Offices, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 79.8% For Expenditures Eligible For Reimbursement

RI H8218

Authorizing The Town Of Westerly To Issue Not To Exceed $50,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Improvement, Alteration, Repair, Furnishing And Equipping Of Schools And School Facilities Throughout The Town, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35% For Expenditures Eligible For State Aid And Provided That The Authorization Shall Be Reduced By Any Grant Received From The School Building Authority Capital Fund

RI S2927

Authorizing The Town Of Westerly To Issue Not To Exceed $50,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Improvement, Alteration, Repair, Furnishing And Equipping Of Schools And School Facilities Throughout The Town, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35% For Expenditures Eligible For State Aid And Provided That The Authorization Shall Be Reduced By Any Grant Received From The School Building Authority Capital Fund

RI H7278

AUTHORIZING THE CITY OF CRANSTON TO ISSUE NOT TO EXCEED $40,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE PURCHASE AND/OR ACQUISITION OF LAND AND BUILDINGS, CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND/OR EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 50% AT THE TIME OF ISSUANCE

RI S2246

AUTHORIZING THE CITY OF CRANSTON TO ISSUE NOT TO EXCEED $40,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE PURCHASE AND/OR ACQUISITION OF LAND AND BUILDINGS, CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND/OR EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 50% AT THE TIME OF ISSUANCE

RI H7126

AUTHORIZING THE CITY OF CRANSTON TO ISSUE NOT TO EXCEED $40,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE PURCHASE AND/OR ACQUISITION OF LAND AND BUILDINGS, CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND/OR EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 50% AT THE TIME OF ISSUANCE

RI S2060

AUTHORIZING THE CITY OF CRANSTON TO ISSUE NOT TO EXCEED $40,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE PURCHASE AND/OR ACQUISITION OF LAND AND BUILDINGS, CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND/OR EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 50% AT THE TIME OF ISSUANCE

RI H6454

Authorizing The Town Of Lincoln To Issue Not To Exceed $25,000,000 General Obligation Bonds And Notes For The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Lincoln Elementary Schools

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