Rhode Island 2024 Regular Session

Rhode Island Senate Bill S2496

Introduced
2/21/24  

Caption

Authorizes the submission of proposals for several bonds to the people of the state at the general election to be held in November, 2024. These bonds relate to capital development and the "green economy."

Impact

The proposed funding will support a variety of projects aimed at not only improving physical infrastructure but also addressing vital environmental concerns. The funding allocations include $20 million for port infrastructure aimed at supporting offshore wind logistics, $2 million for climate resiliency grants, and $5 million for brownfields remediation, among others. These investments are anticipated to create economic growth through improved public access and environmental restoration, thereby supporting local communities and the state economy as a whole.

Summary

S2496, introduced in January 2024, seeks to authorize the issuance of general obligation bonds, refunding bonds, and temporary notes for various capital development projects in Rhode Island, specifically focused on promoting a green economy. At the upcoming general election in November 2024, voters will be asked to approve a total of $66 million allocated towards several significant initiatives, including infrastructure improvements at the Port of Davisville, climate resiliency projects, and brownfields remediation. The bill is designed to enhance both environmental and recreational facets of the state.

Contention

There may be points of contention surrounding S2496, particularly regarding the prioritization of projects and the allocation of funding. Discussions may arise around whether the provided funds are sufficient to meet the state's environmental goals or if all proposed projects, such as the Newport Cliff Walk restoration and agricultural land preservation, are equally justified. Additionally, the bill’s capacity to effectively leverage federal and private funding sources is another potential source of debate, impacting its overall effectiveness in achieving its intended outcomes.

Companion Bills

No companion bills found.

Previously Filed As

RI H5199

Relating To Making Revised Appropriations In Support Of Fy 2023

RI H5200

Making Appropriations For The Support Of The State For The Fiscal Year Ending June 30, 2024

RI H6428

Joint Resolution Making An Appropriation Of $5,000,000 To The Quonset Development Corporation For Waterfront Infrastructure Improvements (this Resolution Would Authorize The Appropriation Of The Sum Of $5,000,000 To The Quonset Development Corporation For Waterfront Infrastructure Improvements.)

RI S1070

Authorizing The Town Of Lincoln To Issue Not To Exceed $14,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Development And Construction Of A New Town-wide Centralized Rescue Station And The Furnishing And Equipping Thereof And All Costs Related Thereto

RI H6453

Authorizing The Town Of Lincoln To Issue Not To Exceed $14,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Development And Construction Of A New Town-wide Centralized Rescue Station And The Furnishing And Equipping Thereof And All Costs Related Thereto

RI S0999

Joint Resolution Authorizing Appropriation Of Five Million Dollars ($5,000,000) To Commerce Rhode Island For Express Purpose Of Providing Base Level Operation Funds For Local Visitor Centers (this Resolution Authorizes The Appropriation Of The Sum Of Five Million Dollars ($5,000,000) To Commerce Rhode Island For Funding Of Local Visitor Centers.)

RI H6465

Joint Resolution Authorizing Appropriation Of Five Million Dollars ($5,000,000) To Commerce Rhode Island For Express Purpose Of Providing Base Level Operation Funds For Local Visitor Centers (authorizes The Appropriation Of The Sum Of Five Million Dollars ($5,000,000) To Commerce Rhode Island For Funding Of Local Visitor Centers.)

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 S0510

Amending Chapters 106 And 107 Of The Local Acts Of 2021 Both Entitled "relating To School Construction And Financing In The City Of Central Falls And Authorizing The City Of Central Falls To Issue Not To Exceed $5,760,000 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 In The City"

Similar Bills

RI H7550

Authorizes the submission of proposals for several bonds to the people of the state at the general election to be held in November, 2024. These bonds relate to capital development and the "green economy."

RI S2579

Authorizes the submission of several bond proposals to the people of the state at the general election to be held in November, 2024, relating to capital development and the "cultural economy initiatives."

RI H7919

Authorizes the submission of several bond proposals to the people of the state at the general election to be held in November, 2024, relating to capital development and the "cultural economy initiatives."

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AL HB185

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