Rhode Island 2023 Regular Session

Rhode Island House Bill H6335

Introduced
4/26/23  
Refer
4/26/23  
Report Pass
5/30/23  
Engrossed
6/1/23  
Enrolled
6/6/23  

Caption

In Accordance With Rhode Island General Laws Section 16-7-44 Approving The Issuance Of $1,000,000 Bonds By The Town Of Scituate To Finance A Water Project At The Scituate High School/middle School Including, But Not Limited To, Bonds And Notes Issued Pursuant To Financing Agreements With The Rhode Island Infrastructure Bank

Impact

The enactment of H6335 would have a significant impact on local financing capabilities, empowering Scituate to undertake necessary infrastructure improvements through bond financing, while also streamlining the process required for approval by the Rhode Island Department of Education. This bill's approval reflects a commitment to investing in educational infrastructure and ensuring that essential projects receive the requisite funding to proceed.

Summary

House Bill H6335, introduced by Representative Robert J. Quattrocchi, seeks to authorize the issuance of up to $1,000,000 in general obligation bonds by the town of Scituate. The funds from these bonds are specifically designated for financing a water project at the Scituate High School/Middle School. This act is a response to the town's approval in their financial town meeting held in April 2023, aligning with previously established state laws concerning municipal finance and infrastructure financing agreements.

Contention

There appeared to be a consensus regarding the necessity of funding for the project, with minimal contention during the discussions. However, as with any bond issuance, there are underlying concerns regarding the long-term fiscal responsibility to residents and how such debt impacts the town’s financial standing. While the bill is poised for favorable reception among local stakeholders, potential debates may arise regarding the prioritization of funds and projects involved.

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 H6252

Authorizes the Rhode Island infrastructure bank to establish a fund to provide financial assistance to local government units for resiliency and stormwater abatement projects.

RI S1070

Authorizes the Rhode Island infrastructure bank to establish a fund to provide financial assistance to local government units for resiliency and stormwater abatement projects.

RI H7704

SUBMITTING TO THE ELECTORS A PROPOSITION TO ISSUE BONDS FOR A MEDICAL SCHOOL AT THE UNIVERSITY OF RHODE ISLAND

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 H8204

JOINT RESOLUTION AUTHORIZING THE STATE TO ENTER INTO A FINANCING AGREEMENT RELATING TO SCHOOL CONSTRUCTION IN THE CITY OF PAWTUCKET AND AUTHORIZING THE CITY OF PAWTUCKET TO FINANCE RENOVATIONS AND REPAIRS TO SAMUEL SLATER MIDDLE SCHOOL FACILITIES, OR THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, FURNISHING AND EQUIPPING OF A NEW MIDDLE SCHOOL AND SCHOOL FACILITIES AND ALL EXPENSES INCIDENT THERETO INCLUDING, BUT NOT LIMITED TO, COSTS OF DESIGN, DEMOLITION, ATHLETIC FIELDS, LANDSCAPING AND PARKING BY THE ISSUANCE OF NOT MORE THAN $22,500,000 CITY BONDS, CITY NOTES AND/OR OTHER EVIDENCES OF INDEBTEDNESS THEREFOR (Authorizes bonds to finance school construction in the city of Pawtucket.)

RI S2679

JOINT RESOLUTION AUTHORIZING THE STATE TO ENTER INTO A FINANCING AGREEMENT RELATING TO SCHOOL CONSTRUCTION IN THE CITY OF PAWTUCKET AND AUTHORIZING THE CITY OF PAWTUCKET TO FINANCE RENOVATIONS AND REPAIRS TO SAMUEL SLATER MIDDLE SCHOOL FACILITIES, OR THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, FURNISHING AND EQUIPPING OF A NEW MIDDLE SCHOOL AND SCHOOL FACILITIES AND ALL EXPENSES INCIDENT THERETO INCLUDING, BUT NOT LIMITED TO, COSTS OF DESIGN, DEMOLITION, ATHLETIC FIELDS, LANDSCAPING AND PARKING BY THE ISSUANCE OF NOT MORE THAN $22,500,000 CITY BONDS, CITY NOTES AND/OR OTHER EVIDENCES OF INDEBTEDNESS THEREFOR (Authorizes the city of Pawtucket to issue bonds for school renovations.)

RI H7800

Allows local government recipients of grant funds from the Rhode Island infrastructure bank's OSCAR fund and resilient Rhode Island infrastructure fund to use monies for insurability planning.

Similar Bills

No similar bills found.