RI
Rhode Island Senate Bill S2772
Rhode Island 2022 Regular Session
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Rhode Island 2022 Regular Session

Rhode Island Senate Bill S2772

Introduced
3/24/22  
Refer
3/24/22  
Report Pass
3/29/22  
Engrossed
4/7/22  
Refer
4/8/22  
Report Pass
6/7/22  
Enrolled
6/14/22  

Caption

In Accordance With Rhode Island General Laws § 16-7-44 Approving The Issuance Of $5,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness Of The Town Of East Greenwich To Finance The Renovation, Rehabilitation, Repair, Replacement, Improvement, Furnishing, Equipping And Installation Of School, School Facilities And Infrastructure, Including, But Not Limited To, Safety And Fire-code Related Improvements, Roofs, Heating, Ventilation, Electrical Systems, Landscaping, Grounds, Athletic Fields, Information Technology, Vehicles And Food Service Facilities

Impact

The approval of S2772 would have a significant impact on the local educational landscape by providing much-needed resources for facility improvements. Such funding can enhance the educational environment, potentially improve student safety, and tackle deferred maintenance issues that schools may face. Furthermore, the act is positioned to enable state housing aid reimbursement for eligible expenses, which could alleviate some financial burdens associated with the renovations.

Summary

Bill S2772 seeks to authorize the issuance of $5 million in general obligation bonds by the town of East Greenwich, Rhode Island. This funding is intended for a broad range of projects aimed at renovating and improving school facilities. Projects outlined in the bill include enhancements related to safety and fire codes, infrastructure repairs, and upgrades to essential systems such as heating and ventilation. The bill is structured to allow the town flexibility in how the funds are used, promoting a comprehensive upgrade of educational facilities and infrastructure.

Contention

While S2772 has garnered support due to its focused investment in education and infrastructure, it may also face scrutiny regarding fiscal responsibility. Concerns could arise over the long-term implications of incurring additional debt, particularly in relation to how the expenditures align with the town’s financial priorities. Stakeholders may debate the balance between immediate educational benefits and the longer-term impacts on local taxpayers, particularly if the bonds lead to increased taxation to service the debt.

Latest RI S2772 Activity

View All Events: RI 2022 Regular Session S2772

Companion Bills

No companion bills found.

Previously Filed As

RI S0422

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

RI H6099

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

RI S3243

AUTHORIZING THE TOWN OF PORTSMOUTH TO ISSUE NOT TO EXCEED $41,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE CONSTRUCTION, ADDITIONS, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN

RI H8488

AUTHORIZING THE TOWN OF PORTSMOUTH TO ISSUE NOT TO EXCEED $41,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE CONSTRUCTION, ADDITIONS, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN

RI H6129

AUTHORIZING THE TOWN OF WEST WARWICK TO ISSUE NOT TO EXCEED $71,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN AND ALL ATTENDANT EXPENSES INCLUDING, BUT NOT LIMITED TO, DEMOLITION, ENGINEERING, ARCHITECTURAL AND LANDSCAPING COSTS

RI S1126

AUTHORIZING THE TOWN OF WEST WARWICK TO ISSUE NOT TO EXCEED $71,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN AND ALL ATTENDANT EXPENSES INCLUDING, BUT NOT LIMITED TO, DEMOLITION, ENGINEERING, ARCHITECTURAL AND LANDSCAPING COSTS

RI H6299

AUTHORIZING THE CITY OF WARWICK 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, LANDSCAPING, DEMOLITION, ARCHITECTURAL COSTS, ENGINEERING, FURNISHING AND EQUIPPING OF

RI S1096

AUTHORIZING THE CITY OF WARWICK 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, LANDSCAPING, DEMOLITION, ARCHITECTURAL COSTS, ENGINEERING, FURNISHING AND EQUIPPING OF

RI S3087

AUTHORIZING THE CITY OF CENTRAL FALLS TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES IN THE CITY BY THE ISSUANCE OF NOT MORE THAN $25,000,000 BONDS, NOTES AND/OR OTHER EVIDENCES OF INDEBTEDNESS THEREFOR

RI S0674

AUTHORIZING THE CITY OF CENTRAL FALLS TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES IN THE CITY BY THE ISSUANCE OF NOT MORE THAN $15,000,000 BONDS, NOTES AND/OR OTHER EVIDENCES OF INDEBTEDNESS THEREFOR

Similar Bills

No similar bills found.