Rhode Island 2023 Regular Session

Rhode Island Senate Bill S0995

Introduced
5/15/23  
Refer
5/15/23  
Report Pass
5/23/23  
Engrossed
5/30/23  
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 legislation is framed as an enabling act in accordance with Rhode Island General Laws Section 16-7-44. Any principal amount from the bonds will be eligible for state housing aid reimbursement, making it financially beneficial for the Town of Scituate as they work on this critical infrastructure project. This could lead to improved water facilities for the local educational institutions involved.

Summary

Bill S0995 pertains to the approval of the issuance of $1,000,000 in bonds by the Town of Scituate to finance a water project at the Scituate High School/Middle School. This initiative has been backed by prior authorization from the town’s electors and town council resolutions earlier in 2023. The bill explicitly allows the town to undertake necessary contracts and agreements to facilitate these bonds, potentially through the Rhode Island Infrastructure Bank, although issuing through the bank is not mandated.

Contention

One notable point is that bonds issued under this act for school projects will not be eligible for state aid reimbursements unless they have been approved by the Rhode Island Department of Education. This clause underscores the importance of meeting certain standards and conditions in order for the financial support to be realized for the water project, which may lead to debates concerning accessibility of funds for school infrastructure improvements.

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.