Rhode Island 2023 Regular Session

Rhode Island House Bill H6402

Introduced
5/12/23  

Caption

Acquisition Of Land -- Cranston

Impact

Upon passage, H6402 directly alters how land acquisition is managed at the state level, particularly regarding properties intended for local government use. This bill exemplifies a specific transaction that reflects a broader commitment by the state to facilitate local governmental operations. The financial terms of this acquisition could set a precedent for other municipalities seeking similar opportunities, potentially opening the door for more transactions of state property at reduced rates for local governance.

Summary

House Bill 6402 is centered around a specific legislative action concerning the sale of state-owned property located at 735 New London Avenue in Cranston, Rhode Island. The bill mandates that the state properties committee will sell, transfer, and convey rights to this property to the city of Cranston for a nominal fee of one dollar. This act is an instance of local governance acquiring land for practically no cost from the state, indicating the state’s willingness to support municipal needs.

Contention

While the summary indicates a straightforward sale, potential contention could arise around issues of valuation, the appropriate criteria for selling state assets to local governments, and whether such transactions should require a more comprehensive evaluation of the property's worth. Critics may question the appropriateness of transferring state assets at such a low cost, especially in a legislative context where financial responsibilities and asset management are under scrutiny. However, no explicit opposition or debate surrounding this bill was documented in the available discussions.

Companion Bills

No companion bills found.

Previously Filed As

RI H0559

Land Acquisition Funding

RI H1271

State Acquisition of Lands

RI H1377

Land Acquisition Funding

RI S0614

Acquisition Of Land

RI H7047

State Land Acquisition

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 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 S3090

Exempts from taxation the non-commercial real and tangible personal property of Southside Community Land Trust, a Rhode Island domestic nonprofit corporation, located in Providence, Rhode Island.

Similar Bills

No similar bills found.