RI
Rhode Island House Bill H8264

Rhode Island 2024 Regular Session

Rhode Island House Bill H8264

Introduced
5/10/24  
Refer
5/10/24  
Report Pass
6/6/24  
Engrossed
6/10/24  
Enrolled
6/13/24  

Caption

AUTHORIZING THE CITY OF PAWTUCKET TO PROVIDE FOR THE DESIGN, CONSTRUCTION, RECONSTRUCTION AND REPAIR OF ENVIRONMENTAL INFRASTRUCTURE IMPROVEMENTS INCLUDING, BUT NOT LIMITED TO, PARKS, STREETS, STREETSCAPES, RECREATION, SIDEWALKS, SEWERS, BUILDINGS AND BRIDGES AND AUTHORIZING THE FINANCING THEREOF, INCLUDING THE ISSUE OF NOT MORE THAN $20,000,000 BONDS AND NOTES THEREFOR, TO FUND THE CAPITAL IMPROVEMENT PROGRAM FOR THE TWO FISCAL YEARS 2026 AND 2027

Impact

The approval of H8264 is expected to have a substantial impact on Pawtucket's state laws and financial landscape. By permitting the issuance of bonds without requiring approvals from higher governmental entities, the bill streamlines the funding process for essential projects. This will enable the city to address its infrastructure needs in a timely manner, which is critical as aging infrastructure can affect public safety and quality of life. Moreover, the financial flexibility provided by the bill may lead to additional development opportunities within the city, further enhancing economic and community revitalization efforts.

Summary

House Bill 8264 authorizes the City of Pawtucket to undertake significant improvements to its environmental infrastructure. This includes the design, construction, reconstruction, and repair of various city facilities such as parks, streets, sidewalks, sewers, and bridges. Furthermore, the legislation allows the city to issue up to $20 million in general obligation bonds and notes to finance these projects over the fiscal years 2026 and 2027. This bill reflects the city's commitment to enhancing its infrastructure to better serve its residents and facilitate community growth.

Contention

Notably, the bill does outline a robust framework for the funding and implementation of the proposed projects, which includes measures for managing the proceeds from the sale of bonds. However, there may be concerns regarding the city's debt levels and the potential burden on taxpayers due to increased property taxes to cover the debt service. Citizens might question whether the benefits of improved infrastructure align with the financial obligations imposed by the bond issuance, thereby leading to discussions and debates during the public approval process at the upcoming elections.

Latest RI H8264 Activity

View All Events: RI 2024 Regular Session H8264

Companion Bills

No companion bills found.

Previously Filed As

RI H6376

Authorizing The Town Of East Greenwich To Finance The Acquisition, 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, Demolition, Athletic Fields, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $180,000,000 Bonds And/or Notes Therefor

RI S0981

Authorizing The Town Of East Greenwich To Finance The Acquisition, 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, Demolition, Athletic Fields, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $180,000,000 Bonds And/or Notes Therefor

RI S1074

Authorizing The Town Of North Smithfield To Finance The Development And Construction Of A New Police Station Or The Renovation, Improvement, Alteration And Repair Of An Existing Building To Be Used As A Police Station, As Determined By The Town Council And The Furnishing And Equipping Thereof By The Issue Of Not More Than $18,000,000 Of Bonds And/or Notes Therefor

RI H6451

Authorizing The Town Of North Smithfield To Finance The Development And Construction Of A New Police Station Or The Renovation, Improvement, Alteration And Repair Of An Existing Building To Be Used As A Police Station, As Determined By The Town Council And The Furnishing And Equipping Thereof By The Issue Of Not More Than $18,000,000 Of Bonds And/or Notes Therefor

RI H6427

Authorizing The Town Of North Kingstown To Issue Not More Than $25,000,000 Bonds And Notes To Finance An Indoor Recreation Center/emergency Shelter

RI S1075

Authorizing The Town Of North Kingstown To Issue Not More Than $25,000,000 Bonds And Notes To Finance An Indoor Recreation Center/emergency Shelter

RI H6429

Authorizing The Town Of North Kingstown To Issue Not More Than $222,460,000 Of Bond And Notes Of Which

RI S1076

Authorizing The Town Of North Kingstown To Issue Not More Than $222,460,000 Of Bond And Notes Of Which

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

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

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