Authorizes the City of Central Falls to issue bonds and notes in an amount not exceeding $25,000,000 to finance the construction, renovation, improvement, alteration, repair furnishing and equipping of schools and school facilities in the city.
Authorizes the City of Central Falls to issue bonds and notes in an amount not exceeding $25,000,000 to finance the construction, renovation, improvement, alteration, repair furnishing and equipping of schools and school facilities in the city.
Authorizes the city of Providence to issue not more than $25,000,000 in general obligation bonds and notes to fund the providence housing trust fund to finance affordable multi-family housing projects in the city.
Submits the state's 2026 capital development program relating to green bonds requesting the issuance of general obligation bonds totaling $60,000,000 for approval of the electorate at the general election to be held in November, 2026.
SB 2340 authorizes the state of Rhode Island to provide up to $18 million in financing support to assist the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital to CharterCARE Health of Rhode Island, Inc. The bill creates a debt service reserve fund or credit facility to bolster bond financing for this acquisition, ensuring the hospitals' financial viability. This support directly affects the two hospitals (which served over 110,000 annual emergency and outpatient visits) and CharterCARE as the buyer, while preserving approximately 2,700 jobs. The state’s contribution is capped at $18 million and requires annual legislative appropriations, with funds reverting to the state budget if unused.
HB 7127 is a state budget bill allocating hundreds of millions of dollars in funding for Rhode Island's fiscal year ending June 30, 2027. It directs specific funding amounts to state agencies and programs, including Central Management, Health Benefits Exchange, Debt Service Payments, and infrastructure projects like building renovations and facility upgrades. The bill establishes concrete funding levels for departments such as Health and Human Services, Education, and Information Technology, with detailed allocations for both general revenue and restricted funds. This legislation directly affects state agencies and programs that will receive these designated funds to operate during the 2027 fiscal year.
HB 7408 authorizes Rhode Island to set aside up to $18 million in a debt service reserve fund to support financing for the sale of Roger Williams Medical Center and Our Lady of Fatima Hospital to CharterCARE Health of Rhode Island, Inc. The bill creates a financial backup fund to enhance the creditworthiness of bonds used to purchase the hospitals, ensuring the sale process can proceed without state debt obligations. This funding mechanism directly supports the transfer of ownership to CharterCARE while preserving hospital services and approximately 2,700 jobs. The state’s contribution is limited to the reserve fund, with no obligation to replenish it, and any remaining funds would revert to the state budget. The bill focuses on enabling the hospital sale through bond financing, not altering hospital operations or patient care.
